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Strategies & Market Trends : The Player's Club

SPY 683.47

+0.6%

Nov 28 4:00 PM EST

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To: GROUND ZERO™ who wrote (1449)	11/23/1999 2:44:00 PM
From: John Pitera	Read Replies (1) of 11513

GZ, that looks like the Climax indicator on the OEX. The strong new high in the 4th week of Oct would tell us that higher prices were to follow . The lower high that the CVI made in mid Nov would tell us that the uptrend in prices was losing momentum and the recent break below -10 on the CVI would put us on alert that the price uptrend was getting very dangerous technically and would either have us move to a cash or if more aggressive ( which we all are, a short position) thanks for posting that link, I have been to the decision point site a bunch but have not taken note of the Climax indicator. I had forgotten about it about the CLX indicator until you inspired me to get the book out again.

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