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Thursday, May 27, 2010

Thursday evening observations

The Summation Index has slowed its rapid decline, but still trending down, if it prints a black bar now, chances are a new trend chance could occur. At times the SI will consolidate before continuing on with the original trend, but if it has a break-away where the distance between daily bars starts increasing, the consolidation is over, and the trend will be confirmed in that direction. So for now, the trend is still bearish, but if a black bar appears, bears need to proceed with caution!!!
*** Today's updates are in the post below :)

2 comments:

  1. Apple Inc Buy signal in daily chaRT

    http://niftychartsandpatterns.blogspot.com/2010/05/apple-inc-daily-chart-buy-signal.html

    Thank you

    ReplyDelete
  2. This is something to pay attention to in the future. Thanks

    ReplyDelete