21 Nov 2013

Markets are heading higher.  Yesterdays low was the support we were speculating on with 2 angles and 1 ma holding price to time.  We are currently on an intra-day overbought levels, and could continue from todays close.  Our Short-Term signal is still on a DOWN position but my guess is it will turn up by tomorrow morning.

If we continue higher by the start of the market, then start looking for a topping range.  We should look at the angles above marked by a dotted green line.

Main-Trend: UP (Unconfirmed)
Short-Term: DOWN

As expected large swings like today have proven to be hard for the Main-Trend to follow, therefore the short-term will be use for now.