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Trendy flipped to a SELL tonight, for Wednesday, after being flat today
but nicely on a BUY from last week for Monday's big run-up. The neural net
generated 50+ S&P points in November.
The good news is that tonight's SELL is confirmed by some more
traditional technical analysis; 4-day stochastic is overbought and turned
down today, percentage change X volume is turning down from very
overbought; tsi divergence is overbought; money flow is overbought.
The bad news is that, as Mr. Toppel might point out, the market had an
impressive rally on Monday, clearly defining the current trend as UP while
blowing both Crawford and Prechter out of their respective Short positions.
Of course, some might argue that blowing both Crawford and Prechter out of
the water is actually good news.
Allan
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