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
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