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07/06/2019 Weekend Update

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Cobra
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Joined: Sat Feb 12, 2011 10:29 pm

07/06/2019 Weekend Update

Post by Cobra »

Up 1 week, 75% chances higher high ahead the next week so bulls should be fine holding positions into the weekend.
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Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 07/06/2019 Weekend Update

Post by Al_Dente »

Last year, the September SPY high was spoiled by negative divergences in the semiconductors (gray) and smalls (cyan).
This year, our recent high (7/3) saw negative divergences in semiconductors (gray), smalls (cyan) and transports (brown, “Dow Theory” non confirmation).
WEEKLY.
76week percent.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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BullBear52x
Posts: 30022
Joined: Tue Feb 22, 2011 3:47 pm

Re: 07/06/2019 Weekend Update

Post by BullBear52x »

Al_Dente wrote:Last year, the September SPY high was spoiled by negative divergences in the semiconductors (gray) and smalls (cyan).
This year, our recent high (7/3) saw negative divergences in semiconductors (gray), smalls (cyan) and transports (brown, “Dow Theory” non confirmation).
WEEKLY.
The attachment 76week percent.png.png is no longer available
I see few short term signs of relief rally pull back is at hand, going into next week I will find excuse to sell. I am with my tiny laptop not much to post this weekend. short term top should be in or close but dips will be bought.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
1der
Posts: 656
Joined: Thu Mar 24, 2011 4:03 pm

Re: 07/06/2019 Weekend Update

Post by 1der »

Late night long term view for Apple: MONTHLY chart.
897FE28C-A49C-4457-B719-7B2D99EE36A3.png
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