28 Sept 2015 - Close To A Lower Low

This Lower Low should be looked at carefully.  There is a chance that prices might bounce once this lower low is achieved due to the positive divergence that is occurring in the charts being monitored.  There is also a possible target of 1800 we spoke of last week that could take place but we need to see what the indicators are telling us.  Although there is a chance that we are taking less profit if we are to act on the divergence rather than the target, often times a profit is better than not having one at all.

If however signals stay in OS in your time-frame, the best thing to do is to stay in the short position until you get out of the range in which case you would also cover those shorts.  Perhaps the market will tell us more tomorrow of its intentions, but at the moment the 1825 - 1800 lower targets are good probabilities.  Nothing goes straight down unless its a crash...  If you are unsure, the other option would be to relieve half of the position just in case.

Prices have already broke my Gann Angle that was drawn for a few months now on my daily charts.  This could play a vital role in how strong or weak the market is.  Therefore, now is not the time to relax, and for those preparing for the day of reckoning, this week would also be important.  We are at a "HIGH RISK" of an acceleration to the downside, so any long position is at risk of being left behind.  It is just human nature to hold on to a position because it is not worth it for you to lose money on it until its too late.  This is why I make it a point to study accelerations of price and determine trend.

SEN: Beairsh
ST: DOWN
PA: DOWN

Aug 26th 2015:

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