Sun Oct 9

Weekly charts for key equity indices remain bearish and will eventually overpower the daily charts which have been attempting to form a base and rally.

Due to this protracted basing I was expecting a spike upwards followed by resumption of the downtrend.

However due to the increasingly bearish influence of the weekly and monthly trends the bullish spike may not eventuate in which case daily charts will break down sooner.

Advertisements

I read comments but they're not published. Troll IPs are automatically trashed. [crinia AT gmail DOT com]

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: