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Re: None

Monday, 06/16/2008 4:46:28 AM

Monday, June 16, 2008 4:46:28 AM

Post# of 44374
The initial uptrend signal we got last week on the 7-day ADX with a positive DMI crossing last Thursday is barely holding up against a negative crossing which I think will be inevitable this week.
Daily stochastics are midway between oversold and overbought, and daily money flow is slightly negative after turning slightly positive last Thursday. Daily MACD is showing less negative, and accumulation is on a gradual build.

Spacial chart shows the potential for higher volumes this week, especially on Wednesday the 18th. Mysterious opposition from the past to the trading environment will increase this week and peak on Wednesday, then subside the next 2 days. Positive support won't come strongly to the trading environment until next week as negativity dominates this week. Serious big money, after knocking on the door, finally enters the back door of the bank on the 17th for an extended stay.
This week will be the last chance to buy low or buy to cover low before serious big money/business support comes to the trading environment next week and dominates over the negativity that leads the way this week. After the major tug-of-war for shares somewhere in the middle, the positive domination will begin and be extended and mostly unopposed for the next couple of weeks. Looks like initial financials could come out on the 24th, after the initial review period ends on the 19th...just a calculated guess, FWIW.
Time will tell.

nilremerlin

New long-term bull market from Oct. 16, 2008 to Feb. 5, 2018
http://stariq.com/marketweek.htm

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