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Sunday, May 13, 2012 7:03:49 AM
The positive perspective is illustrated by the QQQ holding support at the bottom of the Ichimoku cloud. Also the Force Index is showing strong positive divergence over the past week. I think that the present level of support will determine future market direction. If I had to predict I would say that I expect a small bounce now backtesting the 50 SMA and then lower prices in 1 to 2 months. Having said that I don't believe that anyone can trade profitably by predicting future market directon, do you?
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