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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (49199)	2/8/2013 1:15:33 AM
From: Johnny Canuck	1 Recommendation Respond to of 68399

SP500 still going sideways. The increased volume indicates more traders are participating but neither the bull or the bears are winning. Same for the DOW. Dow transport just scratching out a new high on very reduced volume. This rally is losing momentum. Still sideways on the COMPQ with a slight upside bias. Russell 2000 uptrend intact but losing momentum. Financial failed to make a new high on above average volume. Traders are getting nervous at this level. Energy consolidating before its next move. No idea of the next move. Range contracting on gold. A potential big move may be coming. No idea of direction. Intermediate sell signal still in place. Longer term sideways pattern. Short term sideways. Buy signal did not confirm today and failed in a massive way on strong volume.