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S&P 500
5,068.73
(
1.00%
)
US TECH 100
17,090.80
(
1.36%
)
Dow Jones
38,254.33
(
0.93%
)
Brent Oil
83.63
(
0.11%
)
Bitcoin
59,163.45
(
1.59%
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xray44b9

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xray44b9

Re: growthstocks post# 649

Friday, 01/20/2012 10:02:52 AM

Friday, January 20, 2012 10:02:52 AM

Post# of 39190
The algos are fighting the extremely overbought one hour SPY chart that is ready to fall off the cliff as all indicators are peaking. They're fighting and fighting with dumb money to keep it alive. TVIX should make an explosive move up whenever they give up and go short.

I should add that the exact opposite is happening in the 1 hour TVIX chart as it is indicating extreme oversold with indicators popping their noses upward looking for air.
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