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All the indicators I use and which have
given good intermediate signals in the past are now giving a buy
signal . My best guess is that this rally will retrace the entire
decline that started on about 2/1 and very likely more.
Today the Dow also fell in line by successfully
testing and holding a triple bottom going back to 11/30 as well as a short
term triple bottom made the last six days. This signal was arrived at by
inspection of all pertinent daily charts,macd histogram ,exponential
moving averages of high and lows (proprietary
compilation),rsi,and adx(proprietary revision) , Strategy should
now change to buying weakness rather than selling strenght.
Good weekend to all ,
Dom
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