What's the price for Thursday?
I'm not sure what you're asking, there is no price to be bearish, the model is already on a sell signal... there are prices I call exhaustion points, in a down trend these are prices to be cautious about staying short, a point where the selling is exhausted, and where you can cover and buy if you want to be aggressive, that price was 907.45... now, of course, if that level fails after a pause and the selling resumes (and it looks like it will), then then next lower exhaustion point is 834.76... these price points are not targets, that's just IF we get there the selling will again be exhausted and prices will rally... BTW, the March 6th low occurred exactly at one of these exhaustion points, these points are highly reliable for either a serious rally, a moderate bounce, or just a pause... once a sell signal is confirmed, these exhaustion points are already calculated, determined, and known in advance... we just have to wait for the market to move to them...<g>
GZ |
