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There are conflicting signals and a tug of war. First, there is the impressive hold of the August lows and a return to the channel that had broken down in the indexes (SPY chart illustrates). Then, there is the phase-clearly …
Phase still negative, leaders absent, many others working off oversold conditions
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Incredible rally off of the August lows, led by the groups that have been trailing for some time now, which could be first indication that the FED's non-inflationary actions are sustainable. We came in with a game plan to buy …
Looking top down, SPY holding August lows, must close above that 200
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I always have to preface any stray comments from technical analysis with the disclaimer that I am not an economist. But I wrote about Operation Twist a week before it hit the twitter stream because it seemed the right thing …
SPY 110.27 low from early August. Double the recent volume for big distribution day. Back under the 200 weekly moving average and broke under a parallel channel. Oversold on daily, not weekly so at this point see no bottoming indicators …
Over R1, Previous Day High and Against a Major Moving Average
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In lieu of evening watch, top down analysis and picks
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