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

To: Johnny Canuck who wrote (45045)	10/9/2008 4:05:57 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 71004

Huge change on the OBV on the QQQQ's. Massive selling the last few days, but still not enough volume on a single day to indicate capitulation. 139.142.147.19 Same thing on the DIA 139.142.147.19 SPY meets the criteria. 139.142.147.19 Sixth day down in a row. Statistically we are due for a reversal day. I can't remember the statistic on having 6 days down in a row followed by another day down, but it does not happen very often. Look for SPY for leadership, it broke down last and will re-bound first. It needs to close higher to qualify as a short term reversal worth trading. Keep tight trialing stops.