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Strategies & Market Trends : Classic TA Workplace

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To: robert b furman who wrote (190355)	5/5/2011 7:06:58 AM
From: 2MAR$	Read Replies (1) of 209892

Thats an intersting little trend you have going there ....seems they sure got their "April Earnings" rally , assuring themselves 1/2 of their annual bonuses for 2011 , lol. Just as the SPX was topping there 1370 at the exact touch to overbought --> 70RSI end of april , the Vix was hitting a 46mo low ? A little cautionary but color on that: finance.yahoo.com You know my double & triple top thesis has been working well in trading the equites , especially shorting the Big Oils on earnings but also the SMH did pay for a 3rd time short from another exact touch to that pivot high which was within 4c of the last one !! :O) Couple of notable double tops here XLB & XLE & SMH , (and throw in MRO again within pennies . All the rest of the Indexes respected the RSI 70 . The XLF did bounce off that near term double bottom @ $15.80 which is also within 4c of each other ...just can't get any traction. Maybe 6mos out huh ??

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