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S&P 500
5,843.45
(
0.48%
)
US TECH 100
19,649.20
(
0.08%
)
Dow Jones
43,077.87
(
0.79%
)
Brent Oil
73.96
(
-0.69%
)
Bitcoin
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1.33%
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Post# of 148479
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plexxus

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plexxus

Re: royg1927 post# 58635

Monday, 08/29/2005 3:20:08 PM

Monday, August 29, 2005 3:20:08 PM

Post# of 148479
RSI is now recycling back into mid range while the market holds its own. The time to get long that pattern was either late Friday when it was posted or early this morning once it made the break out of that falling wedge. Given the proximity of the 50/20 SMA's and our down channel resistance line on the 60 minute personally I'd want to see those clear before taking on any new longs here. RSI readings on the daily chart are still quite low. Volume on todays bounce remains quite poor in general.

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