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Strategies & Market Trends : Ask DrBob

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From: chichi2	10/14/2008 9:03:35 PM
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Alert today. Nasdaq MCO smallchange gave Signal. Expect MajorMoves in the General Indices. MajorMoves are not new in this Volatility, but i will call it anyway. I expect this move to be Down. This Down call is based on: See McClellan Charts in my writeup: The position of the Nasdaq MCO smallchange is at a logical resistance Down Trend line. See the other Small Change positions, and draw the line in your mind. Also see the SPX Trend chart, just after my signature. Today's High Hit the resistance Down Trend Line under a previous Down move. I believe SPX will eventually break thru this trendline but it did not today. Notice SPX finds itself in this channel i drew last night, before it got there. Interesting How Technical Analysis sometimes is helpful. MajorMoves Comments for 10/14 by Chichi2** siliconinvestor.com

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