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northam43

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northam43

Re: northam43 post# 2309

Friday, 03/05/2010 1:47:05 PM

Friday, March 05, 2010 1:47:05 PM

Post# of 2827
As I stated a few days ago:

"On the SPX weekly chart if you look at the MACD (12,26,9) it has been bearish for quit awhile. The last time it was in it's current position, a LT Bull Rally followed."

It is still on the Bearish side and the gap is still large but narrowing. If it eventually makes a bullish crossing. I expect SPX 1200 will follow.


The Daily chart is quit OB so I would expect a pull back ST. But the Weekly & Monthly have alot of room to the upside.

JMHO, Lindy
"Buy low, Sell high, stay with your system. If your system breaks fix it."


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