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Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
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mini rebound target. exceeds it then this bull shall have legs.
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My summation signal is down. Approaching oversold.
My composite trend signal is up. Approaching neutral or perhaps even down.
Big week this week with events loaded Wednesday to Thursday.
FOMC, Scottish Independence Vote, Alibaba, OPEX
Once again, the bull appears to be stepping close to a technical precipice.
The pattern since QE got going has been for the bull to always step away from the edge and proceed higher.
QE though looks set to end in a few weeks...
I have an open to sell based on my summation signal but need a rally to sell.
Win rate on these has not been good lately.
I am interested to see what happens with my trend signal this week.
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vol surge, might be a little pullback here then we'll see, probably would be bought.
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here's 2nd leg up. watch to see if it can make a new rebound high.
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