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In the Middle
December 8th, 2008 at 9:00pm · 1 Comment
I suspect we’re in the middle of this advance. The 60 min chart reached the top of its channel and showing a little bit of wear in the modified DMX. The 135 minute channel is at 932 and I think prices will see that level soon. The Tricks index chart is included today for the first time. The index is above the top of its bollinger band for the first time since July.
Tags: General Market Commentary · S&P 500
1 response so far ↓
1 deacon31 // Dec 9, 2008 at 11:33 am
interestingly SPX cash did +100 on the nose from friday low thus far, getting the mcclellan osc even more overbought than last thursday’s mention…art cashin must know the astros, as he said ‘worried about geopolitical events over the weekend’ on tv today: we do have a ‘once in 40 year’ astro setup along with a full moon, and a major bradley turn date on the 14th
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