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Just wondering if anyone else has a take on this DJIA Diamond pattern? Is
it still operative or has it expired? The NSync oscillator(a composite
oscillator) suggests the best buys occur when the Daily and Weekly have
dropped to the 20% level. Both are below 50% and headed down as of the last
few weeks. The Monthly crossed below 50% in Oct/November after many years
above 50%. When the Daily and Weekly cross under the Monthly some serious
price erosion occurs. This sort of has the feel that the year end rally
started in October and has been peaking . The next post will look at the
NYA net cumulative volume with respect to the DJIA.
BobR
http://www.oextrader.com/sigma_trader
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