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Monday, October 31, 2011



The Bulls lost the battle at 1250.  1220 is my next target.
Possibly a bounce back to 1250 after 1220, but this is no time to play the long side.

Today's Black Opening Marubozu on the heals of yesterday's Doji confirms a Candle Stick Sell signal.


I have not had much to say since Thursday.
Price fell to 1258.75 ,  I predicted 1255 close enough eh.
Currently I'm thinking this is the bottom but it's not ripping off this low just yet so we may have to see if it can make it through the resistance levels shown in this chart.

Currently we are near the top of the Weekly Kumo and above the Daily.
Shown below is the Hourly, 30m 15m and 5m. on a 5d 15 minute chart.

The forks are suggesting further upside potential but the line between gain and total collapse is thin so be ready.

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