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Friday, November 9, 2012

NZD Indicator, Backtest of a Wedge Break VERY BEARISH

This stealth bear drop has been effective,
No one shouting P3
Not many bears jumping in short
Instead, trying to buy the dip

My indicator say there is more downside immediately ahead.   Whilst we sit here complacent.  




Posted by Stock at 8:38 AM

2 comments:

  1. 123PWBNovember 9, 2012 at 9:59 AM

    Thanks for the heads up on this one Steveo.
    I don't like the look of this market, not one little bit.


    All the best.

    ReplyDelete
  2. Pacific EnergyNovember 9, 2012 at 10:08 AM

    Yep, playing the short side, for now even into the weekend.

    ReplyDelete

Insightful and Useful Comment!

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