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Wednesday, May 28, 2014

Micro-cap $IJE

The Micro-cap index $IJE closed above the 200sma and is going to test the 100sma & the I-Cloud resistance line. Conservatively one would wait for a Break-out test of the cloud resistance, because if it's going to fail it's there. I'm using this as a gauge of speculation. Micro-caps are highly speculative stocks.They make the most percentages in the last wave of a Bull Market.

The previous Targets on the Last Gold charts are still valid.Gold has a Technical "SELL" signal as per I-cloud. The Lagging Line broke down thru the cloud yesterday giving a 'confirmed' signal. Other Fib Targets are 66%, 76.4%,85.6%,90.02%,95.4%,& last 98.6%.

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