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Here is a slightly different perspective on the OEX that is derived from Ron
McEwan's AMOSS Excel spreadsheet that is available on the RT website under
Traders Secrets.(I assume it is still there). The equity indexes behave as
pendulums and at the moment it has come off an extremely overbought level on
the way to neutral and oversold in the next day or two.
BobR
http://www.oextrader.com/momentum/momentum.htm
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