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21072008 ... positive news expected here
Hi guys,
One last update to the CVI chart at end of today's trade- 22nd July 2008.
Despite the price moving no where, we find a bright candle formed when price moved up to close unchanged at 0.115 cents. This resulted in a positive cutting of the cycle trendline as shown in the chart.
In the past, whenever such a positive cutting is seen, prices will improve over a period of 3 to 10 days - shortest 3 days and longest 10 days.
Will it follow the same pattern as in the past? Will the continued drop in the Dow impact upon the expected improvement?
Let us continue to see what will happen, but as it is, we have technically sighted a positive signal today that has traditionally led to improved prices.
May the best trades be yours.
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