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    Posted September 4, 2014 by
    ronjaenisch

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    Market Decline Imminent

     
    When the New Andrews Pitchfork Indicator gave a negative 1 indication .......as seen on the chart above........we knew that it was time for the market to take a deep breath.

    Yesterday after all the Labor Day Festivities were over, we had a strong sell signal on our hourly charts. This and the fact that today there will most likely be a negative 2 indication gives us confidence that a market decline is in process.

    Some think that the decline will only be 3% and others are looking for 20%.

    In either case we will be keeping our eyes on the New Andrews Pitchfork Indicator and other Advanced Andrews techniques for a buy signal.
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