Chart: $XMI: Price Track Reflections In The Major Market Composite Index in 2012 and 2011

• Chart: $XMI: Price Track Reflections In The Major Market Composite Index in 2012 and 2011

  May 3, 2012 2:27 PM | about stocks: SPY, QQQ, DIA, IWM, $XMI.X
  Chart: Price Level Reflections in the Major Market in 2011 and2012

  Below is a daily action chart of the Major Market Composite Index, the $XMI. It covers the period of July 2010 through July 2012

  The chart includes a rather awesome econometric 'coordinate price level vectors math tent' that has occurred in the price data. You can see this mathematical 'vector tent' by connecting the key and correlating price-value time points discerned for 2011 and 2012.

  For those who aren't sure what this might mean, let's just say the chart is basically illustrating and depicting key price track reflections that exist in the $XMI for 2012 from 2011.

  And for those who might question that 'history repeats itself' in the major markets, this chart and its illustration offer an example of a powerful and perfect 'price echo tent' that may be very educational... and quite interesting.

  Incidentally, for those who are presently wondering whether or not to 'Sell in May and Go Away" in 2012, this chart may be equally as useful, considerable, and educational. I, for one, do not like to 'discount the weights of history' in making my market forecast assessments.

  So, in your consideration of all the good fundamental reasons on why or why not you may want to consider adjusting your market risk exposures going forward into May of this year (there are many discussions on this matter going on this year), you may want to be aware of this awesome, and so far definitive, 'price refection tent' that has already occurred, and continues to mathematically exist, within the 'price data' of the Major Market for this year and last.

  I do.

  (click to enlarge)

  Disclosure: I am short USO.

  Themes: SPX, /ES, DJX, DIA, /YM, , $RUT, IWM, $DJIA, $OEX, $ XMI,Major Market Large Cap Composite Indexes, Stock Market Outlook,Market Analysis, Technical Analysis, Cyclical Analysis, Price AnalysisStocks: SPY, QQQ

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