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 Strategies & Market Trends : Humble1 and Swing Trading Friends

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To: humble1 who wrote (7932)5/4/2012 2:55:02 PM
From: stuffbugRead Replies (2) of 10482
 
HumBULL,

I will respectfully disagree with you on this one.

I think we slide lower to test support in the 1345 to 1350 area. My intra-day trend strength indicator is acting very poorly. This sell-off is more like early April than early March.

However, if the market rallies strongly Monday morning and holds its gains until the close, then the short term down trend will probably be over. A feeble rally will lead to a further drop.
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