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Yes..there is divergence on RSI and MACD against

	teaparty			Thursday, July 10, 2008 5:51:49 AM
	Re: euterpe1 post# 122085			Post # of 148478

Yes..there is divergence on RSI and MACD against the Jan and March lows....but I think the RSI has to at least test the bottom TL . What I'd like to see in a perfect world is OEX testing the 559/562 area and then get a nice reversal tail while we get divergence on both the A/D and U/D cumulatives.
Then we could get that rally to relieve the oversold conditions with spx maybe getting to 1300/1320 area and OEX to the 600 area before another leg down.
http://stockcharts.com/c-sc/sc?s=$SPX&p=W&yr=10&mn=6&dy=0&i=p56154778770&a=57601821&r=1606

http://stockcharts.com/c-sc/sc?s=$OEX&p=W&yr=6&mn=2&dy=0&i=p30044246406&a=143888228&r=8639

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