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RT’s,
I would not be too surprised to see a key reversal here tomorrow. I will
not deny the trend going gradually up. However, I’m going to stick to a
forecast of a sideways trending market for the near future. Many shorts
were stopped out today maybe tomorrow they will get some more hit
resistance and fall back. The RSI-Stochastic below is virtually identical
to one by Tushar Chande’. It is indicating an almost overbought condition.
Best Regards,
Brent
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