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Too Bearish?
February 24th, 2009 at 9:54pm · No Comments
Are we too bearish? Perhaps. The daily chart registered a modified DMX divergence on the close today and that Tricks index buy signal that’s been threatened for a few days finally confirmed – so perhaps there is some upside potential here, more than I’ve given the market credit for. But let’s see an 11:45 AM or 2:00 PM close over 778 to trigger that net-line, and then I’ll be ready to grant the eMinis some further upside room to move.
Tags: General Market Commentary · Market Internals · S&P 500
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