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S&P 500
5,199.50
(
-0.77%
)
US TECH 100
17,239.60
(
-1.94%
)
Dow Jones
38,763.45
(
-0.60%
)
Brent Oil
78.17
(
-0.27%
)
Bitcoin
57,150.17
(
3.85%
)
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stock-junkie

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stock-junkie

Re: NicPlatoNic post# 1998

Monday, 07/04/2011 5:53:51 PM

Monday, July 04, 2011 5:53:51 PM

Post# of 4559
Well the data could be interpreted in many ways, obviously - otherwise we'd all be super rich. So here's my personal analysis, which is my opinion only:

-10 day MACD shows a divergence of the MACD and signal line, showing short term drop,

-Candlesticks show a few doji stars over the past two days, indicating market indifference, with buying pressure being weighed down buy selling pressure upwards the end of the day.

Longterm, it may be a solid investment, but traders will start shorting. Any other interpretation of that data?
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