Sunday, September 8, 2013

IPM Model Update

Latest IPM Model update has been emailed to SUBSCRIBERS

Excerpt from IPM Model Update
In the last update on August 25, it was stated that “market could experience one more decline over the next week before bottoming out to rally for a few weeks. As the market rally unfolds, we will keep an eye on internal strength indicators to evaluate future of the market i.e. new highs or lower high.” Market was at 1668 on August 26 and then declined to 1627 on August 30, which has been the low.  

Now, it is time to evaluate the current rally and its future prospects especially when Syria War, Fed meeting, and new Fed chairman decisions are on the table. Next few days will be very interesting, as they will set the tone for September.   

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