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

To: Johnny Canuck who wrote (46251)	8/25/2010 2:59:52 PM
From: Johnny Canuck	1 Recommendation Read Replies (1) \| Respond to of 70561

SPY following a sideways trend and essentially at the bottom of the range. Use an oscillator indicator if trading this sideways trend. DIA is just a mess. Not sure how to trade this using any indicator at this point. Wait for a trend to emerge. It does appear to be in better shape than the other indices. It lead the last rally. I expect it to lead again. QQQQ same as the SPY, sideways trend. Use an oscillator to trade if you are in the market, otherwise wait for a new trend to emerge.