Monday, December 7, 2009

Another Bearish Signal!

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

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