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northam43

06/10/13 11:06 AM

#5296 RE: northam43 #5295

SPX Daily Chart. This is looking like a short Daily Phase 2 for 2 reasons, (1) the Daily EMA 3 is way below the Daily UTL, normal that indicates a short Phase 2, (2) The Daily MACD (12,26,9) has a pretty good bear gap above the zero line, that also indicates a short Phase 2. That is why I bought SPXS at 10.28

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