Today is not like yesterday.
Yesterday is a well trended down day. Today, more fluctuations are expected.
Euro formed a double top heads and then bouncing back to test it again. If the double top patterns hold well. I expect Euro can drop to 1.37 again.
Oil is above 72, and Gold is above 935.
Most Asian stock markets are down. But European markets are UP. However, finally, the European stock markets plunge hardly and show a intra-day reversal. Will the US stock market repeat the same pattern today? Let's watch and learn.
PPCO makes a new high today, 2.94, so far. Our initial call is at ~2.02. The chart is here.
Today, the key watching point is the down trend line, drew yesterday and the day before yesterday. Once it is broken out, the end of the market correction may be signaled.
Finally, we have predicted today's gap up correctly. Hope it can help you a lot.
Subscribe to:
Post Comments (Atom)
May be today is a better time to sell PPCO. I sold it yesterday.
ReplyDeleteTA
That's very good ! If you have made money from the trade, the trade is a good trade.
ReplyDeleteTiger