At the time the market was declining from nonfarm payroll numbers. The market
was at 10000 and we said the market must decide if it can reverse within the
next day or two or it will stage a decline with the 10000 mark being the pivot.
We didn't reverse so we said the market would decline further!!
HOWEVER whilst all the pundits were talking about a significant decline
and a crash with it - we said we don't expect a crash or market to have a
significant decline and that was because our expanding triangle we had devised:
So then the market staged a decline and THEN we started talking about 10400!!
Not many were giving it a mention, although a few selective pros were.
Of course today you can see what has just happened. The market is expected
to back off from here or could we break the triangle higher?
This is A VERY SIGNIFICANT time for the U.S. Stock markets.
I am Ajit Singh, the writer of this article who started work with the financial
markets from a very young age of 17 and this is our website: www.tradingmarketsignals.com -
-TMS'.
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