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Strategies & Market Trends : Humble1 and Swing Trading Friends

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To: bearshark who wrote (4218)	11/12/2010 8:36:20 AM
From: humble1	Read Replies (1) of 41136

yep, they are buying the dips. look at this beautiful .618 retrace high of the entire SPX 910 point decline into 666. we had a high volume, triple-market-good-news exuberant (QE2, the election, the 11/5 jobs report), touch of 1227. then we had a low volume retest two c-days later: stockcharts.com inside sell/buy was the highest on record as sentiment had spiked to 22% bears a week or so earlier. the fat lady may have left La Scala.

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