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Public blog posts only as education and entertainment. private membership market updates reflect my view and analysis of the market. The information contained on this website and from any communication related to the author’s blog and charts is for information purposes only. The chart analysis and the market comments do not hold out as providing any financial, legal, investment, or other advice. In addition, no suggestion or advice is offered regarding the nature, profitability, suitability, sustainability of any particular trading practice or investment strategy. The materials on this website do not constitute offer or advice and you should not rely on the information here to make or refrain from making any decision or take or refrain from taking any action. It is up to the visitors to make their own decisions, or to consult with a registered professional financial advisor. And i absolutely discourage trading options.

Wednesday, January 5, 2011

Jan 5 market updates

$spx at storm melting line.
$indu is at Y2K internet bubble top resistance of 11750.
$rut still confined by the long term storm neckline.
all need downside break for confirmation.
volume is at the most negative divergence of 4 years as detailed to members. prevous neg divg all ended badly. on late Aug bottom, volume has the best positive divergence, hence we see the 4 months market rally.
thanks




PS 1). Jan 5: more Votes, more charts. less Votes, less charts on:
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID4254003
scroll down to the very bottom of the page, click "Vote" and validation.