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Thursday, March 6, 2014


The market created a Bearish candle pattern. The Evening Doji Star has a high rate of preceding a bearish reversal.  If tomorrow closes lower this  would confirm the signal.

Assuming a bearish signal is given, then watch for support from the Tenkan Sen.  The Ichimoku remains bullish with only the Kijun Sen inside the Kumo.  This remains uncharted territory and I feel a bit less confident, but the you can see the levels of support in this Ichimoku chart and the weakness near 1800..
Today hit my target, but as I said this target was a bit uncertain.  It will be interesting to see if the market follows this cyan fork or what happens if it breaks.  Remember the Yellow fork has laid a strong path.

Sorry for being so uncertain.  All I can do is point out possible supports and signals.

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