1 reply to this topic

[samsung]

The Mid-Caps may well be the strongest index since it is the only one too actually make a pretty much true "Double Top". An early week close above the high might indicate that the other indexes will follow too double tops also, and then again it may lead the way down with a swift decline. Keep an eye on the Mid-Caps too see what they do. Good trading too all this week !!!!!!!!!!

[mss]

Well the weekly is showing a much stronger pattern than the daily but, the daily has 2 SAR signals and a tight "FORK" within a 90* triangle with a rising bottom (red lines). Problem if the MIDs break down, lower blue "fork" will be min and if that breaks then the red TL comes into play. Appears to be working off excess "overbought" at present. Thanks for the "heads up" on the MIDs I had not looked at the index this week.



Best to you, mss