Ahh Canada - 2 out of 3 ain't bad Message Board

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Strategies & Market Trends : Ahh Canada - 2 out of 3 ain't bad

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To: Cush who wrote (5069)	10/18/2014 11:49:05 AM
From: Cush	Read Replies (1) of 5144

The S&P 500 Weekly - weekend review. For what it's worth, I usually review a more complex chart, with more indicators and annotations, than the one shown below. This chart is simplified and shows some of the keys I watch for. That may be a hammer candlestick, and that may signify a rally starting, but I remain very cautious with long positions here. The S&P 500 managed to close just at the support line shown on the chart. CMF is still positive and that's a good sign, however 4 weeks of declines with increasing volumes should give some concern. By next weekend, the picture may be clearer, and we'll know whether the tide is rising or falling.

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