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Re: [RT] follow up sp500



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Ben:
 
I have price reaching the second price objective for the move up.  It is acting as resistance as it should.  The target for this move higher, a retracement, is 1456.  For price to start a major move down it would have to go through 1355 and than the first price objective would be 1289.  There is major divergence at the high and now there is downside pressure being place on price. The divergence indicates that the interior of this index is far weaker than price indicates.
 
Just one man's opinion.
----- Original Message -----
From: Ben
Sent: Monday, May 05, 2008 4:13 PM
Subject: [RT] follow up sp500

Here is the vince indicator bottom chart
top chart is the sp500
 
notice the bearish divergence,   its now on for over 5 days
 
p,s
 
you most likely get a gift tomorrow, to get out of longs ,and enter shorts, at about
1409-1411
Ben

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