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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated -- Ignore unavailable to you. Want to Upgrade?

To: marcher who wrote (26559)	6/22/2011 4:24:21 PM
From: LTK007	Respond to of 119360

RSI peaked today at 49 and closed at 45.43----we get a break to gap fill 1278, and i feel we will test the 200ema a THIRD time. 3 Knock rule would then go into effect. 3 knocks at a resistance bullish three knocks at a support bearish.FWIW:) Max

To: marcher who wrote (26559)	6/23/2011 2:10:59 PM
From: LTK007	3 Recommendations Read Replies (1) \| Respond to of 119360

SIMPLE but Important update on SPX500 TA: i had said yesterday if we hit the 200ema , it would be the third knock--we hit but that was the 2nd knock, we need one more; BUT something else is now critical, the 200sma versus the 200 ema. So here is a 200sma(Red Line) 200ema (Blue Line.) and one will see how CLOSE we are in signaling BEAR MOVE from 1370 will get much worse, as long as the 200sma crosses ABOVE the 200ema. As simple as it gets --this a 4 year chart keying on this one indicator 2000sma versus 200ema.)......Note curling an indicator of transition, as we had following blue line cresting earlier The Chart is quite clear on this.