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

To: Logain Ablar who wrote (46743)	5/25/2011 10:11:24 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 68294

All the indices broke their 50 day SMA's in the last 3 trading days. Today was day 4 after 3 days of selling. The indices were expected and did bounce today. If the indices don't make it back above the 50 day SMA in the next 2 days we will see accelerated selling down to the next support level which is below the low of 2 days ago. If your trialing stops have not already trigger the holiday effect next Tuesday may supply the bounce traders need to get out.