In this weeks market update we’ll use the MTPredictor Elliott wave and Fibonacci trading software to project where the Gold, Oil and Dow may be headed next.

Earnings season kicks into gear on Thursday with AA reporting first.  We’ll see if the stock market has topped or if the weekly Decision Point area becomes the next Dow target to the upside.  Remember, the stock market is still on shaky ground through December with the current Hindenburg Omen.  It is typical for the market to initially rise to trap as many people to the upside as possible before pulling the rug out from under them.   So, it may be better to miss a small portion of a rally than to be caught long when the bottom falls out.

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Tags: commodities, Dow, elliott wave, elliott wave software, fibonacci, fibonacci trading software, forex, futures, gold, hindenburg omen, mtpredictor, mtpredictor trading software, oil, stocks, trading, trading software

This entry was posted on October 3, 2010 at 2:06 pm. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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