Magic red Thursday again, very interesting. I found that as long as we have magic green Monday then there’ll be a magic red Thursday. Hence, logically, should be a reversal Friday tomorrow and then magic green Monday again and so on… We’ll see.
Anyway, good news is the Bearish Island Reversal became higher and higher, the market did make a little progress by inching higher.
The bad news is a Descending Triangle could be in the forming which has 64% chances of breaking on the downside, so there could be more downside tomorrow. Well, you may want to bet on the upside now because of RIMM ER. I don’t know as I mean to provide you with some info here so at least I should pretend to be objective. LOL
Disclaimer
The information contained on this website and from any communication related to the author’s blog and chartbook is for information purposes only. The chart analysis and the market recap do not hold out as providing any financial, legal, investment, or other advice. In addition, no suggestion or advice is offered regarding the nature, profitability, suitability, sustainability of any particular trading practice or investment strategy. The materials on this website do not constitute offer or advice and you should not rely on the information here to make or refrain from making any decision or take or refrain from taking any action. It is up to the visitors to make their own decisions, or to consult with a registered professional financial advisor.
This websites provides third-party websites for your convenience but the author does not endorse, approve, or certify the information on other websites, nor does the author take responsibility for a part or all materials on the third-party websites which are not maintained by the author.
