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Strategies & Market Trends : Humble1 and Swing Trading Friends -- Ignore unavailable to you. Want to Upgrade?

To: bearshark who wrote (8244)6/8/2012 8:42:14 AM
From: bearshark  Read Replies (1) | Respond to of 41140
 
Normally, when the SPX RSI closes below 30 and my personal calculations bottom at the same time, as they did on June 4, I expect at least a 50 point pop in the SPX. We've had about a 37 point SPX pop and we are below 50 RSI on the SPX. I believe this bounce is strong enough to warrant looking for a chance to buy something, if the something cooperates, at the open. Time to look for a victim stock.


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