|
PureBytes Links
Trading Reference Links
|
The market seems to be having some difficulty moving down to the next projected low at this time...though it's not due for another full week plus.
If the most recent medium term low (larger circle) actually did hit on the left side of its point date, this will be a sign of strength. Unless some outside force is really exerted on this market, I don't see it dropping at this time in the vicinity of the mid October low.
We may be seeing a simple and weak "reaction" to the pending intermediate term low, especially if the medium term low was made-early mid Oct. then a continuation of the move to the next intermediate and medium term highs projected end of Nov.
However, there is still plenty of time for this market to roll to some degree to the downside.
Anyone else have an opinion of what is happening?
Yahoo! Groups Sponsor
<font face=arial
size=-2>ADVERTISEMENT<img src="http://ad.doubleclick.net/ad/N879.ameritrade.yahoo/B1054521.11;sz=300x250;adc=ZHS;ord=1036030755?"; alt="" width="300" height="250"
border="0">
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
Attachment:
Description: ""
|