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Re: mike41 post# 135364

Friday, 10/13/2017 8:14:27 PM

Friday, October 13, 2017 8:14:27 PM

Post# of 146196
SO FAR I MUST AGREE WITH MIKE41

Long-term support in the zone of 0.95 to 1.05 appears firm. There are some secondary indicators that have already broken their long-term support, for example, Williams Accumulation Distribution line. WAD is supposed to predictive of the price but I am not aware of any rigorous tests of this idea, so it remains an article of market folklore. Price is the final arbiter.

The real test of long-term support will be its ability to survive tax selling and that won't be complete until the 3rd week of December.

So far the bulls remain in control.

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