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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (45032)	10/6/2008 9:30:35 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 70981

Dow 9,955.50 -369.88 -3.58% Chart for Dow Nasdaq 1,862.96 -84.43 -4.34% Chart for Nasdaq S&P 500 1,056.89 -42.34 -3.85% Chart for S&P 500 30-yr Bond 3.9420% -0.1810 Chart for 30-yr Bond NYSE Volume 8,067,414,500 Chart for NYSE Volume Nasdaq Volume 3,537,768,000 QQQQ 139.142.147.19 DIA 139.142.147.19 SPY 139.142.147.19 [Johnny: Can anyone comfirm that we did not meet or exceed the record volume on the indices that we saw in early September. I want to see that before we can think about a short term tradable bottom has been put in. The positive divergence on the OBV for the SPY was violated today. It needs to get back above the trend line tomorrow of the trend is confirmed to be broken and accelerate sell will continue. The DIA is just on the verge of being violated. The QQQQ are in a confirmed down trend. I expect worst before we see a bottom and they will be the last to recover as they were the first to sell off and no divergence in OBV has existed.]