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Wednesday, February 12, 2014


My forecast from January 25 may have missed the target by about 10 handles, but I believe the top of the Kumo will prevail as resistance.  If I'm wrong then expect resistance at 1832.  Moving above that would mean the Blue fork failed and this Yellow fork has more upside to offer.

Even if I'm right and the Kumo shows resistance the bottom of this Kumo has become stronger and should offer support. Until we break out of the Kumo these signals will continue to be difficult to read.

I offer this alternative Cyan fork

What do your forks look like?  Have you agreed with me or do you see something different?

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