Tuesday, April 21, 2009

When cycles signal change in market bias - what to do?!

As I board the plane I see the equity markets went "off the map" so what are we to do?! Since it's only Tuesday we may have to discount reliance on the ChartsEdge weekly forecast, but tomorrow's daily map may yet work. Standard technical analysis says the moving averages did their job. Also the put/call ratio spiked and may have helped today's pullback.

Gotta sign off but will add more later!

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