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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Vitas who wrote (92703)	2/10/2011 8:52:23 AM
From: William H Huebl	Read Replies (2) \| Respond to of 94695

I thought you had said, "10 day exponential ma of NYSE advance declines" in your earlier post so that is what I used. The down trend line from Sept 13th has yet to be broken IMHO. And for UD, while the December down trend line has been broken, if you superimpose SPX on the 10 day ema, you see clear signs of negative divergence between the ema and SPX over the period. And check the 3 year ATR(14) and you will note that each time the lower trend line is touched that there is a significant sell-off within a month or so. Like I say, don't bet the farm on it!