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Strategies & Market Trends : gem-x's incredibly accurate Elliott Wave forecasts.
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To: eichler who wrote (382)8/13/2001 12:11:04 PM
From: eichler  Read Replies (1) of 2290
 
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So far, I take the compx refusal to fall back as a positive.
Last week, the 60 min chart in overbought land was met with resulting sell-off.
At the moment, the 15 min indicators are quickly approaching oversold while price is holding above the 15 ema (blue line) which I would consider as positive.(for now)
A bounce from these levels should provide the higher high on the daily which should spark the buying interest to get a rally under way.
So far, so good......but as always can change on a dime....
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