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Strategies & Market Trends : Ask DrBob

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From: chichi2	12/10/2008 6:37:28 PM
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chug~~gg...MajorMoves Comments for 12/10 by Chi2 siliconinvestor.com =================================================================== AmateurInvestors: Mid Week Analysis Dec_9_08 posted by Chi2 "The major averages came under some selling pressure on Tuesday however volume decreased. Overall it's possible we may see the major averages pullback for another day or two. Here are some support levels I will be watching with the Retracement Levels calculated from the 11/21 lows to the most recent highs." amateur-investor.net =================================================================== The Ord Oracle by Tim Ord - 12/10 posted by George "For near term however there is evidence that a pull back could start now. Uptick closing higher then +600 appears near short term highs and Friday a +666 was recorded and yesterday a +910 was recorded. These highs uptick readings suggest short term exhaustion of the up move and a consolidation is likely near term. There could be a pull back to support near 81 on SPY which is where the ARMS index reached a bullish 9.84 closing reading and should act as support. If the RSI reaches near 35 on lower as 81 is being tested then that would be good time to add to positions." For full technical Commentary and Charts: mysmp.com =================================================================== "tocktiming.com Wednesday, December 10th. - Stock Trends, Charts, and Commentary" 12/10 posted by George "The Institutional Index of "core holdings" had an "inside day" yesterday. What is an inside day? An inside day is one where the day's trading range is within the trading range of the previous day's bar. Thus, neither a new high nor a new low was made over the previous day's movement. Technicians consider an inside day as a day of indecision because neither the bulls nor the bears were capable of moving the market higher or lower. However, many technicians consider an inside day to have a negative bias, or to be under duress if the daily bar closes below the half way point of the previous day. for COMPLETE POST siliconinvestor.com ===================================================================

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