Stock Market Battle Important Day

By: Marty_Chenard

This will be an important day because a formidable battle is going on.

Institutional Investors have been in Distribution, and the Fed will step up to the plate today and try to avert any negative consequences.

This battle is actually reflected in the action of the NYA Index as seen below. Note how it recently made a lower/high. It is really important that it does not make a lower/low now and go below 10557.61.

Why is that? Because it recently made a lower/high, and if it now makes a lower/low, then that would signify a shift to a down trend.

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By Marty Chenard
http://www.stocktiming.com/

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Marty Chenard is the Author and Teacher of two Seminar Courses on "Advanced Technical Analysis Investing", Mr. Chenard has been investing for over 30 years. In 2001 when the NASDAQ dropped 24.5%, his personal investment performance for the year was a gain of 57.428%. He is an Advanced Stock Market Technical Analyst that has developed his own proprietary analytical tools.  As a result, he was out of the market two weeks before the 1987 Crash in the most recent Bear Market he faxed his Members in March 2000 telling them all to SELL.  He is an advanced technical analyst and not an investment advisor, nor a securities broker.

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