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dalcindo

10/05/10 6:10 AM

#61175 RE: dalcindo #61174

Re: SPX, $MID, $SML - Reversal Signal

Watch out for the discreet negative divergence signal, especially as it occurred BELOW RSI's 70-line. The 70-line represents a logarithmic level of buying vs. sell strength (not just a algebraic overbought/oversold level!). Buying pressure is waning here as well (i.e.: in reference to discussion in link above).

Additonally, MACD and Slow Stochastic have printed a bearish signal in support of this suspected underlying bearish strength:


SPX, $MID, $SML - 12-Mo., DAILY Chart:


- Dalcindo
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Fox13

10/05/10 8:30 AM

#61180 RE: dalcindo #61174

Thank You Dalcindo for the very thoughtful remarks and nice charts!