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Hi again DT,
I'm just going to add a comment or two to my last missive.
It isn't *only* the bar chart (or the candlesticks, if you believe in
Japanese hocus-pocus) ^_- but there is also additional data a careful
technical trader depends on.
To wit: Since 10/27, our New Highs/New Lows line has rolled over. It
has not rolled over and been on a negative slope since **March**.
Markets do this when they are getting a bit tired of going one way
for 7 or 8 months. It is not rocket science, but one DOES need to be
paying attention. This kind of data supports a potential rollover,
and perhaps allows one to use one's imagination to see that kind of
formation potentially developing.
Also, our A/D line topped out here on 9/22 give or take a day. It is
now on a clear downward trend since then, with lower lows and lower
highs. I am almost deaf, but I am not even close to BLIND, my dear
friend. ^^_^^
Yuki
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