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    Posted April 10, 2012 by
    ronjaenisch

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    Market steps down high profit ladder

    By ronjaenisch  |  Posted April 10, 2012  
     

    The S&P has begun an orderly stepping down to the next bottom. This stepping down effect typically can be easily measured and forecasted by utilizing an easy to use indicator from www.Andrewscourse.com, where it is referred to the profit ladder. Prices have shown a tendency to find support and resistance at these lines. By combining this indicator with the sand bar indicator, the next step on the ladder is within reach this week and is likely to be hit. There after the next target is the 126 area which is possible by the end of the week.

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