Wednesday’s rally was stopped by the 20- day SMA and the downward sloping parallel line. The market turned lower and broke below the $9.35 support to trigger a sell signal. This portends a drop to the descending median line and a test of the previous low of $9.11.… read more
Tag Archives: Currencies
Using “Action/Reaction” to project future turning points a price target objectives. [video]
This video shows how to use the median line as a momentum indicator and the reaction line as a target objective in a two different market situations. http://www.youtube.com/Tradersnetworkinc#p/a/u/0/J0xK_GMB8EI… read more
British pound completes bearish cycle, due for rebound. [chart]
Based on the 12/29 – 1/19 A-B-C continuation pattern, the Brithis pound has completed the reaction cycle and is due for a corrective rebound or begin a consolidation period. The pound reached the lower reaction line target objective, one day before the final reversal date (projected for March 2, by the reverse/forward count). The lower parallel line… read more
New Signals for the Systematic Swing Trader Program [2/24/2010]
The new signals for the systematic Swing Trader (futures) program have been posted. If you don’t know what the SST(futures) program is then call today or sign up for free trial.… read more