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techcharter

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techcharter

Re: techcharter post# 47629

Monday, 02/04/2013 11:06:49 PM

Monday, February 04, 2013 11:06:49 PM

Post# of 51788
SPX Top is IN

E-wave count looks complete from the November and end of December 2012 lows. Today was a bearish engulfing pattern. The RSI and stochastics showed bearish divergences with price. The VIX was starting to get a little more volatile before the price top arrived, effectively a bearish divergence.


For the next 2 weeks the trend should be down.

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p87530429976

http://stockcharts.com/h-sc/ui?s=$VIX&p=D&yr=0&mn=6&dy=0&id=p65919208183
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