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Previsão para hoje do Comp

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Previsão para hoje do Comp

por TRSM » 15/1/2003 12:39

For Wednesday, there are numerous bearish divergences in many time frames appearing on the rise which has developed into a terminal 5 wave diagonal that is now near complete. Odds favor a small rise within the first hour and a top developing that may or may not take out 1470 resistance. A reversal is then expected to occur early in the day back to the downside which may occur right from the open if the pattern is complete. A move below 1452 support reverses the trend with a move below next support near 1400 confirming the reversal.

A major top appears to be developing and it is possible that the corrective pattern in process since last July is coming to an end with a terminal pattern developing in the short term charts and the failure to reach the 1520 high creating another lower high. Any move below the 1328 point confirms the action and suggests a new major bear trend may be at hand.

Potential range for 2003: High 1520, low 900. Targets will be revised as conditions evolve
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