Getting 100% Flat Before End of Day
After an initial fakeout, the Astro-Fib rally is on schedule and should complete a bearish pattern. This mornings reversal low looks very similar to the reversal low of 7/18/2011.
A leading diagonal impulse down followed by an ABC corrective rally into todays 1.272 area should be forcasting that decline into the late Oct-early Nov Hurst 10 week low area.
Closing longs. Plan to be 100% in cash before end of day and prepared for that Hurst 10 week low due sometime Oct 30 thru Nov 4...Let's see what happens...
A leading diagonal impulse down followed by an ABC corrective rally into todays 1.272 area should be forcasting that decline into the late Oct-early Nov Hurst 10 week low area.
Closing longs. Plan to be 100% in cash before end of day and prepared for that Hurst 10 week low due sometime Oct 30 thru Nov 4...Let's see what happens...
posted by chartblog at
11:06 AM
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