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Friday, September 16, 2005 2:09:41 AM
***Nasdaq Composite weekly chart = BEARISH ENGULFING... complete with volume conviction (over the previous 2 up-weeks) and a candy apple stem headed into Friday & Options Expiration...
Technically, take note that even though there have been higher highs on the Nasdaq Composite, from 2153.8 to 2191.6 to the recent 2219.9, that the RSI and MACD have failed to confirm this, and now the MACD is flat here, it has no pulse, this means that a major move is coming, either up or down... make the call right and the profits shall be yours to reap!...
Technically, take note that even though there have been higher highs on the Nasdaq Composite, from 2153.8 to 2191.6 to the recent 2219.9, that the RSI and MACD have failed to confirm this, and now the MACD is flat here, it has no pulse, this means that a major move is coming, either up or down... make the call right and the profits shall be yours to reap!...
HI-HO SILVER !!!
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