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To: TheStag who wrote (72363)2/12/2012 11:35:00 AM
From: robert b furman  Read Replies (1) | Respond to of 207213
 
Some internal breadth indicators:

Red engulfing candles can go a second day but usually bounce up after the first (which was friday).Maybe a bad Monday and then a BOUNCE UP.

stockcharts.com

Over heated new highs has been worked off.(Rsi below 50 now)

Look at the 50 sma it is going higher - that's a good thing.

stockcharts.com

Does last weeks little pop in new highs look like it overcame the drop in new lows that occurred in last early October.