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Thought what is below is good enough to share.
John
On Friday the indicators worked well with a brief rally in the
morning to unchanged and then another small one in the afternoon.
Prices drifted southward as forecast most of the day.
Inventory is now at five. Long setups is at 5 and short setups is
at three. Typically large rallies do not occur under these
conditions. The low inventory number functions like a strong
southward magnet.
How does this work? How accurate is it?
http://www.precisiontrader.com/index_analysis.htm
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