I just finished posting the paid subscriber Members.
To say the least, conditions are very dangerous ... now to today's update.
Will the NYA Index hold now?
That is the big question now ... will the NYA hold in the next few days?
Take a quick look at today's NYA Index chart below. Note yesterday's tick
and how it went down, but stopped at its 10676.44 gap level.
Yesterday's down tick officially closed the gap, so now, today and tomorrow
will ave to be watched very carefully to see if it can continue holding the
gap's support level.
The advantage at the close yesterday was that short term conditions were very
oversold, which favors a counter, up move today. This just isn't a Caution
area, it is a Danger area.
Marty Chenard is an Advanced Stock Market Technical Analyst that has developed
his own proprietary analytical tools and stock market models. As a result,
he was out of the market two weeks before the 1987 Crash in the most recent
Bear Market he faxed his Members in March 2000 telling them all to SELL. He
is an advanced technical analyst and not an investment advisor, nor a securities
broker.
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