Good strong day after breaking through the upper boundary of the recent frustrating range. Our red alert lights have come back after Friday but this should still be seen as a slight warning. We did mention on Friday that Type-A Bearish Divergence was in place. That remains so, but will only be triggered should last weeks lows are penetrated. Also we’re on the cusp of the Weekly Trend turning up. A strong close this week will confirm – the first time since April 2008. I read with interest of the US analysts earnings estimates this season. Some 75% of earnings reported to date are above analysts expectations – showing that either analysts still have no idea or that the economy is doing swimmingly. Either way, you can’t fight the trend. We’ve introduced the Systematic Power Setups tonight which may look a little daunting to start with. Persevere – it will be worth the effort.
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Phone: +617 5473 5743
Suite 1/ 21 Sleepy hollow Drive
Noosa Heads QLD 4567
AFSL 288200
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