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www.EchoVectorVEST.com: Shopping the Near-Term Top: Support maintained above $116.50 on the DIA Equivalency Basis. Provides Today's Position Adjustment Opportunity

Wednesday, October 26, 2011

www.EchoVectorVEST.com: Shopping the Near-Term Top: Short-Term Ascending Triple Bottom Support Maintained Above $116.50 on the DIA Equivalency Basis. Provides Today's Position Adjustment Opportunity.
A formative short-term supporting ascending triple bottom price level pattern emerging in the $116.57 to $116.82 area, located above the $116-116.50 breakdown confirmation range, coupled with the MDPP Intraday DayTrading Forecast Guidance Program Architecture and Management Techniques, yields both

(1) the removal and cover of the employed full net portfolio major market equity basket short, and

(2) the removal of the full net portfolio hedge insurance, both removals occuring at $116.85 on the DIA equivalency basis at 118PMEST today, from the preceding higher application price levels on Friday and Tuesday.


Posted by EchoVectorVest at 11:47 AM PST