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DJIA : Critical Point 17400
Melbourne Qindex 13:25 GMT 08/21/2015 - My Profile
Sell S&P
Entry: Target: Stop:

DJIA : The monthly cycle directional indicator shows that the market is heading towards the range 16553 - 16717. Speculative selling pressure will increase when the market is trading below 16467. A negative signal will be hoisted today in my system when the market closes below the weekly cycle lower limits at 16569 - 16632 - 16869.

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Hong Kong Qindex 17:14 GMT August 6, 2015
DJIA : Critical Point 17400 : Reply
Sell S&P
Entry: Target: Stop:

DJIA : Critical Point 17400

Speculative pressure will increase when the market closes below the Critical Point at 17400. As shown in the monthly cycle charts the bias is on the downside when DJIA is below the supporting range at 17400 - 17459. The next targeting point in the monthly cycle charts is 17032. The monthly cycle trading reference is as follow :

... 16925 // 17032* - 17138 - 17245 - 17352 - 17459* - 17566 -[17673]* ...

The odds are in favour of maintaining a short position.

Qindex.com
DJIA : Monthly Cycle Charts
http://www.qindex.com/djia.html

DJIA : Monthly Cycle Charts

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