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« Financial stocks and the overall market | Main | Missing: Bulls »
Monday
Feb082010

Who dat charts

DateMonday, February 8, 2010 at 8:32AM

SPX:SPX Hourly: Oversold on this time frame but still in a strong downtrendNYAD- still looks bearish, the 8 ema now looks like it will cross the 39.  NYAD was still red on Friday and did not reverse with the market. 

NYSI- Broke its prior support at this level, may trend down more.  NYSI is getting closer to zero which would be very bearish for market.  Notice how accurate the BB% moving average cross indication has been.  The green line shows the last signal it gave which was prior to this drop.

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