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Thursday, August 19, 2010


Market recap:
Today left us with three Bearish reversals.
The Black Candlestick was Engulfing and it left a Bearish Evening Star.
Confirmation is required as usual by closing below today's close with a Black Candlestick.

Looks like the forks are on target, and my confidence has returned to high.

// end of recap for 2010.08.19 //

21:45 ET
Looking for a bounce off 1061 back up to the top green tine
Why does KumoBob think there will be a bounce?

Look at the congestion down there at the bottom of the Kumo.

12:00 ET
Dropping through the Fibs
pausing at a Woody

Here's a vwap chart.
My thanks to ThinkScripter for the basic code which I just finished putting the frosting on.

11:00 Just to be clear. a break below 1075 will beget 1165.

10:00 ET
Price has broken slightly through the bottom of the dark green fork and is at the bottom of the cyan fork. I expect this cyan fork will show the markets path for today.
A retest of the green fork's handle and possibly the upper tine is likely to occur.
A peak at either 1095 or 1108 on Friday would fit my perfect model. 1095 being the favored level.
This green fork appears to need an adjustment.

This Blog has only informational, and educational purpose, and does not represent a proposal for buying or selling contracts, equities or currency.

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