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Strategies & Market Trends : Longer-Term Market Trends -- Ignore unavailable to you. Want to Upgrade?

To: jjstingray who wrote (1647)8/19/2008 7:38:22 PM
From: skinowski  Respond to of 3209
 
On this chart, JJ, your black labels are the bullish count, and the red - the bearish alternate for the same price action. Since your "black" count already took out the recent "red " lows, I submit that your red bullish count is no longer valid. This does not mean that the market can't rally; it can do anything it wants, but the labeling would have to be different.



To: jjstingray who wrote (1647)8/19/2008 9:06:27 PM
From: Perspective  Read Replies (2) | Respond to of 3209
 
Out on vacation, but checking in. Wow - what in the world is the difference between $NYA and $RUT? I used to think the two were both broad market measures; boy are they divergent here.





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