Saturday, October 17, 2009

It Goes Both Ways




We've had several days with lots of "HMH" (Higher Means Higher) signals in the FRO. If you don't know what that means go back a few days down below to discover it.

So now we're seeing "LML" (Lower Means Lower) signals that have accurately forecasted lower price action.
Friday started with the Daily Chart giving us a clear sell signal. And the other charts confirmed that trend change after hitting new 12 month highs for the second time this week.

As you observe the charts above you'll see it all playing out.

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