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Strategies & Market Trends : Waiting for the big Kahuna
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To: William H Huebl who wrote (92825)5/6/2011 1:17:57 AM
From: Vitas  Read Replies (1) of 94695
 
INDU chart pattern is much stronger than SPX or NYA.

stockcharts.com

RSI:

INDU 55.77
SPX 50.52
NYA 45.22

Likely that means something.

So far I think that we are good for a day and a half to the upside, maybe more, maybe less; WAG. The 10 day ratio ema of a-d vs uv-dv may help with a week end analysis.
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