General Market Analysis Newsletter for Sunday August 8th 2010
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Quick Weekend Comment: Currently, there are some valid bullish and bearish technical arguments one can make but PRICE is the ultimate decision maker and it has yet to be resolved. Clearly, a break below Friday's lows opens the door to a selloff while a impulsive break (AND HOLD) out of the rising wedge would be constructive for the bullish case. One must be on the lookout for a false wedge break and reversal back down. Simply put, keep and open mind and respect the market's message. |
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QUICK REVIEW OF FRIDAY'S ACTION: |
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A LOOK AT THE MAJOR INDEXES: |
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INDICATORS: |
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INDICATOR TABLE and SOME of it's COMPONENTS: |
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