We projected a downtrend based on theoretical price of our Financial Model for NQ.
The projected price for end of Nov12 is 2580. Thus we expect a downtrend to continue from Oct12 into Nove12. We will be short bias for this month.
Projected price of NQ by 2013 1st quarter Mar = 2400.
Based on this projection, we will ignore uptrend signal by the TE2.3 system, and only take on the short signals generated by 60min chart using TE2.3.