My indicators, which are primarily a derivation of price action analysis, generated another bearish signal after close of trading today. As I am still bearish from a signal in mid November, this second signal is a strong indication of the upcoming downward pressure that should kick in tomorrow. My best projection is a close in the range of 1093-1095 on Tuesday.
MIDS: Bearish
Move Start Date: 11/13
Move Start Price: 1093.50
Monday, December 7, 2009
Thursday, December 3, 2009
Have the Tides turned?
I'm still in my bearish signal...this one is considerably longer than most of my signals, but I see it materializing...starting with the sharp decline in the last 30 mins of today's session.
The daily chart below displays the most likely market move over the next couple of weeks.
MIDS: BEARISH
Move Start: 11/13
Move Price: 1093.50
The daily chart below displays the most likely market move over the next couple of weeks.
MIDS: BEARISH
Move Start: 11/13
Move Price: 1093.50
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