Readers will remember that the ChartsEdge week-ahead cycle forecast (which you can locate with the "ChartsEdge weekly" label) shows a low for equities today, right before a big rise into Thursday/Friday. We can't guarantee there'll be a rise of that exact level. But if we're in part of a wave 3 up as Tony Caldaro suggested in his OEW update yesterday, it could happen. So for identifying a buying point, these intraday maps may help with that, especially if an intraday low happens to dip lower than the trading levels of yesterday; we'll see. Remember that the indicated movement of these daily maps starts at the regular 9:30 ET open. So, thanks again, Mike Korell and ChartsEdge! From: http://www.chartsedge.com/wp/:
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ChartsEdge Daily charts
Posted: December 22nd, 2009 | Author: Mike Korell |Filed under:One-Day Market Map | No Comments »
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