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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: FLACK who wrote (99957)	6/4/2011 12:54:42 PM
From: shoreco	Respond to of 100058

Hi flack, Last weeks market action was very disturbing for the near term bull. The weekly charts have had so much momentum in them that we continued to track sideways for about 6 months now (without falter). They have weekend considerably with last weeks action. (not quite in a "sell" yet, but losing momentum) and could waterfall with the slightest push... The daily charts were weakening back in March, but the earthquake in Japan took focus and blame, therefore we were able to run back up to new highs... The bull has a long tooth, but the dentist it just waiting in the wings...lol...