Wednesday, May 8, 2013

Woodie's Monthly R1 Turns Bulls

Woodie's Monthly Pivot, R1, stopped the advance in it's tracks, and in doing so brought a zero line break of Woodie's CCI Study. We will monitor this reaction closely, in an attempt diagnose whether it was a significant change in trend. If the reversal, as it were, turns out not to be a change in trend, we will investigate further to determine if it is, simply, an intraday pause/breather, or even less, the beginning of a much smaller retracement of several day's of continued New Highs.