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S&P 500
5,567.19
(
1.06%
)
US TECH 100
19,828.00
(
0.95%
)
Dow Jones
39,375.87
(
0.17%
)
Brent Oil
86.78
(
0.00%
)
Bitcoin
57,639.12
(
-1.14%
)
Post# of 51808
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techcharter

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techcharter

Re: lexus300 post# 41626

Thursday, 10/15/2009 11:05:14 PM

Thursday, October 15, 2009 11:05:14 PM

Post# of 51808
SPX too distorted for e-waves.

But I would like to point out the divergence between the rising price and falling tops in the Relative Strength Index, The volume is flat to down over this 8 month rally. The stochastics are overbought. The Bollinger bands have opened and are ripe for a reversal. The first half of the rally was very choppy. The second half of the rally has well defined trand channels for every segment. This is a dischord to harmony process. I'm looking for dischord to creep back in.

Party like it's 1999!!! I overheared a consistent theme in the office and the locker room. People are, or want to, daytrade. This is a socionomic topping symptom.
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