Archive for December, 2007
The fourth wave may be near completion. Look for a fifth wave to form soon. The CCI is above 100. This commodity or security is overbought at this time.
No signs of downward momentum at this time.
The [R3] or the most extreme high trading range is 1.1646.
The [R2] or the extreme high trading range is 1.1619.
The [R1] or the high trading range is 1.1599.
The [P] or pivot point is 1.1572.
The [S1] or the low trading range is 1.1552.
The [S2] or the extreme low trading range is 1.1525.
The [S3] or the most extreme low trading range is 1.1505.
WWW.FOREXGENIE.COM
4xGenie Support Team click here...
The fourth wave may be near completion. Look for a fifth wave to form soon. The CCI is above 100. This commodity or security is overbought at this time.
No signs of downward momentum at this time.
The [R3] or the most extreme high trading range is 1.1646.
The [R2] or the extreme high trading range is 1.1619.
The [R1] or the high trading range is 1.1599.
The [P] or pivot point is 1.1572.
The [S1] or the low trading range is 1.1552.
The [S2] or the extreme low trading range is 1.1525.
The [S3] or the most extreme low trading range is 1.1505.
WWW.FOREXGENIE.COM
4xGenie Support Team click here...
On Dec-18-2007 a candlestick formation confirmed a sell signal. A sell signal was also confirmed when this par below 1.0063 on Dec-18-2007. 4XGENIE Action: Sell this par at 1.0023 or better. Stop at 1.0311. Wave 3 could drop down to 0.9083 or to 0.8418. Today’s candlestick appears in the yellow shaded area of the chart. This reflects strong consolidation here! The CCI has crossed below 100. Look for falling prices soon.
Next Day Trading Ranges for Monday Dec 18, 2007
The 20 day moving average of the daily trading range is 0.0130 and the 60 day moving average of the daily trading range is 0.0124. This shows that volatility has increased in the short term. The percentage of downdays when the open/high ratio is less than 25% is 78.43 percent. This means that if this security or future does not rise more than 0.0032 from the opening price then there is a 78.43 percent chance that this will be an downday.
4xGenie Support Team click here...









