Technical analysis for shorts & longs Message Board

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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 679.68

+0.7%

Nov 26 4:00 PM EST

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To: Johnny Canuck who wrote (45773)	7/18/2009 2:45:23 PM
From: Logain Ablar	Read Replies (1) of 68364

HI Harry: The NYSEBP moved positive on Friday (X's). The COMPBP has a ways to go before it turns positive. One also has to respect the S&P at this level, I think its "hounding" and telling us higher levels are in store (I would expect a pull back next week to alleviate some of last weeks run). I'm only eying gold and oil, no tech. As for Cramers comments on an equipment maker like NVLS I though INTC's guidance was lower guidance on equipment purchasing (not sure if this is due to lower pricing or less equipment). SNDK benefits from licensing revenue.

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