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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 690.40

-0.5%

4:00 PM EST

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To: Johnny Canuck who wrote (47729)	4/13/2012 1:40:18 AM
From: Johnny Canuck	Read Replies (1) of 69749

A bit more of a constructive more today on the SP500 after the mutes response yesterday. Tomorrow is day 3. After that I expect a sideways or downward move. SP500 needs to clear the recent high before a buy signal is generated. To Same comment DOW. Same comment on DOW transports.. COMPQ still the strongest. I expect leadership from this sector on any move higher. COMPQ is one of the few indices that did not generate a sell signal. Financials are actually showing good relative strength. It did not generate a sell signal on this pullback. Energy still on a major sell signal. Similarly the oil services sector.

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