Main-Trend: UP
Short-Term: DOWN
Friday, 20 September 2013
20 Sept 2013
Our intra-day indicator has entered oversold in a very short period of time. I am expecting a rally next week and we should watch to see if the intra-day signal resets to the top side without making a higher high. EW patterns are hard to tell but many will count this as an ABC pattern down and will be looking for new highs.
Main-Trend: UP
Short-Term: DOWN
Main-Trend: UP
Short-Term: DOWN
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Hi MP.
ReplyDeleteI am glad you mentioned an A-B-C pattern as this is my thinking as well, but on a daily basis. Potentially, A will be the Nov.5 low, B the Jan. 15,2014 high and C ... look out below. Do you agree?