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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (29473)	3/4/2012 9:36:58 PM
From: FCom777	Read Replies (3) \| Respond to of 223583

I agree that the markets health does not seem very well ... yet it seems to chug higher and higher. The following are two charts of a composite index that I maintain. It is comprised of about 1500 stocks selected about a year and a half ago based on average 3Mo volume of either 500K of 1Mil shrs/day (forget which). The first is a price chart of the index plotted against its 50 day moving average. A 10 day %R oscilator and the volume are also plotted. Oscilator breaks of the zero line seems to provide decent timing signals and we're just above it now ... but moving lower. The 2nd is a point and figure chart of the index. This chart looks bullish but that could change quickly on a push lower from here. The market still looks bullish ... but seems to be deteriorating. Which way will it push next?? All in all it looks pretty consistent with your signals ... bullish now but ready to get short on a push lower ... IF that transpires. s958.photobucket.com s958.photobucket.com