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capt_jmj

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capt_jmj

Re: rab120 post# 17521

Wednesday, 07/15/2009 11:19:06 AM

Wednesday, July 15, 2009 11:19:06 AM

Post# of 31925
RAB, I have found that a 10/66 MACD smoothed over an 11 day period is an excellent IT trend indicator, and it is still in decline. Moreover, the first derivative of the MACD (i.e. the slope or rate of change of the MACD) is increasingly negative. That can of course change over the next day or so if the market continues to defy gravity, but for now, it is still confirming an IT bear market.

Kind regards,
-CAPT J

"What would you attempt to do if you knew you could not fail?"

http://investorshub.advfn.com/boards/board.aspx?board_id=7383

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