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Watching the markets from other dimension : An astral view of markets Market prognosis without the fluff, nonsense and jargon. A to-the-point plain language set of timely indicators to Trade, Buy, Sell assets and markets and vital world events, based on all occult, metaphysical and physical... More
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  • Prognosis for markets on Wednesday and beyond 0 comments
    Apr 27, 2010 10:48 PM | about stocks: QID, SDS, SRS, VXZ
    Wednesday 28th April trading day - Continuing with correctionMany indicators would tell us that after a big red day of sell off, it is natural to have a reversal the next day. Yes it is true.
    It could be possible. But over all we are still in a decline mode.

    In my books I do see the Wednesday and Thursday as negative. Even though it is possible to have some reactive reversal but this may not yet be the end of the current correction.

    A few markets may open high but they may not be very durable.
    I would try to post some key hours that I see as interesting for day trades.

    I still see most Agri. commodities down.

    Replying to Friend Greg's comment on timing, please know that I am trying to refine my work to maximum precision. I may have few hours or a day here and there but we can read into the major changes.
    Will add more shortly.

    + GOLD : I see Gold being bullish for next few days.

    + REIT : We may be entering into a phase where many traders would be shorting the Real Estate ETFs for some time.

    + Suggestion: Suggest that you share your position in the comment section time to time. One might get other opinions.

    Key Hours where trading sessions may reverse:
    Today is not a day to go long for sure.

    11 AM cst / 12 am est

    11.40 am cst / 12.40 pm est

    12.35 pm cst / 13.35 pm est

    1.20 pm cst / 2.20 pm est

    Around 2.00 PM cst market may enter into some positive mood.  

    Disclosure: ung
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