Pascal
09-06-2011, 12:58 PM
The 20DMF does not show a selling follow-through.
I believe that much is expected from Obama's coming speech and the FED meeting.
If the 20DMF closes above 0.035%, the 20DMF short signal will be covered.
The IWM robot will then look at both long and short settings to decide on the next direction.
However, a high ATR will favor continuing looking for a short. The signal could however turn from a strong short to a short or neutral. Signal strength does not point to the IWM robot issuing a buy signal at the close.
Pascal
10264
I believe that much is expected from Obama's coming speech and the FED meeting.
If the 20DMF closes above 0.035%, the 20DMF short signal will be covered.
The IWM robot will then look at both long and short settings to decide on the next direction.
However, a high ATR will favor continuing looking for a short. The signal could however turn from a strong short to a short or neutral. Signal strength does not point to the IWM robot issuing a buy signal at the close.
Pascal
10264