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Time for another dose of a "lagging" indicator.
Two pictures -- If tomorrow is lower then SM
says odds are about 50/50 for further downward
movement.
If tomorrow is higher, the market will have stretched
it's "luck" so far that I hate to think what will happen
very soon.
Remember this is an analysis of almost 1000 swings
dating back to 1921. Lots of history in these
evaluations.
Clyde Lee
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Clyde Lee Chairman/CEO (Home of SwingMachine)
SYTECH Corporation email: <clydelee@xxxxxxx>
7910 Westglen, Suite 105 Work: (713) 783-9540
Houston, TX 77063 Fax: (713) 783-1092
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