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Summation has turned up
on the NYSE and
Nasdaq. I like to
use it for an intermediate term
breadth
indicator.
McOsci has turned down
for the short term. I'm still overall
positive
with the McOsci above
zero. It presently still
is.
McOsci goes back below
zero and S&P price
goes below 860 sustained, that
gets me negative; summation
turns back down, extremely
negative.
But for now, viewing this
pullback as an
entry to go back long
in my discretionary trading
unless above requirements
prove me wrong.
Lines up with the cycle
work I follow (besides
Hurst 4) which his
shorter term <FONT face=Arial
size=2>cycles
is due
to bottom today.
Intermediate cycle low is
confirmed in the S&P
with the trendline break above 860.
NDX intermediate low
hasn't been confirmed yet.
I did have two systems that
went short the ndx Wednesday.
SOX/NDX is at risk to
break last weeks lows, imho.
Rhonda
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