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>making a very nice buy indication with Thursday having the price and volume
momentum low
Would help if VIX made a higher high relative to Oct, currently still got a
ways to go... another 15% or so, which would encourage me to be on the
buyside, positionally. The vix chart would then have its own set of
divergences, most important of which would be a definitve peak in its ADX.
So far the Daily just looks like a burst-pullback to 50 ma - burst sequence,
with ADX barely budging below its trajectory.
i'm just riding the 5 min chart standard run of the mill trend day, retest
of y'day's low should start the flurry of running stops below & above....
Nice, for weekend holders, if we close practically unch again....
Meantime, McDonalds prints an inverse head & shoulders neckline right at the
200 day, as do a whole bunch of "value" stocks.
And Merck holds its big picture canslim breakout, with a 2nd weekly
follow-thru bar.
Bullish, bullish.
Gitanshu
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