Wednesday, September 4, 2013

EOD Update

I try to get this out just before the close because the closing 3C signals nearly ALWAYS pick up the next trading day like we saw even last Friday as they went through a 3 day weekend and huge news cycle to pick up right where they left off meaning price did what the signals suggested.

There's little doubt in my mind, today's an easy one. Everything I said about the market last night is still on according to the signals, all indications are we do pullback-how far is the question.

The mid-term charts are exceptionally strong so any pullback should be accumulated by Wall Street at retail's expense. I think there can't be more than this last pullback before the market races higher.

We'll carry on form there later.

No comments: