RE: [RT] sp500

["Terry Rhodes" <trhodes3@xxxxxxxxx>]

I'll take the other side of this bet. Actually, I already did. Isn't another interpretation that we are just breaking out of a 6 week consolidation pattern?

 

regards,

 

tbr

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From: realtraders@xxxxxxxxxxxxxxx [mailto:realtraders@xxxxxxxxxxxxxxx] On Behalf Of Ben
Sent: Monday, December 14, 2009 7:48 PM
To: 'Ronald McEwan'; realtraders@xxxxxxxxxxxxxxx; astrofin@xxxxxxxxxxxxxxx
Cc: 'Vince Donovan'; panda2222@xxxxxxxxxxxxx
Subject: [RT] sp500

Attach is the market barometer

Notice on left side of chart when the 2 dashed lines were ABOVE price line(Barometer lines)

(Price line is the red connected dots)

Today, we closed at 6 month high, unconfirmed by market barometer,

To make matters worst,

Notice last 4 peaks we lower picks, with higher prices

This is a QUADROPPLE divergence

Does it mean we crash tomorrow?

No

But sooner than later

Ben 

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