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


To: Gary105 who wrote (93077)8/4/2011 5:58:05 PM
From: William H Huebl  Respond to of 94695
 
RSI 44 of SPY up trend broke down today and that is a long term trend...



To: Gary105 who wrote (93077)8/4/2011 6:36:57 PM
From: William H Huebl  Respond to of 94695
 
Well I have an RSI indicator based on a DDX ratio which has yet to break down. However, another indicator broke down big-time today: stockcharts.com

Just remember, markets do not generally move in straight lines, so we may get a substantial bounce tomorrow as traders close out short positions for the week.