Tuesday, September 01, 2009

sold second unit at 1012

2 comments:

estrader said...

CARL, DO YOU THINK THIS IS THE BEGINNING OF THE BIG DOWN MOVE?

PM said...

Hi Carl,

We've had one unbelievable rally since March, I've not had a decent sell signal in nearly all that time. The few that did appear were either nullified at the close or yielded losses.

But still, a close today below 1014.10 will give me a confirmed sell signal. My model also tells me that IF we do sell down to 944.50, then we should see a possible low at that price, give or take a few ticks. That should occur no later than Tuesday, October 6th.

Thanks.

Kindest regards,

PM