Monday, November 26, 2007


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No changes in the mid-term outlook. See previous post – we still could see more to the downside, however, the reversal could be very soon.

For short term I use 15-dqy chart (1 bar = 15 minutes). Below you may see the NASDAQ 100 chart with RSI, MACD, Stochastics, Advance Decline oscillators, SBV and MVO.

I would not expect to see a short-term move up until I see decline in SBV, MVO, AD oscillators and MACD. In addition it would be nice to see RSI above 30 and Stochastics above 20. The similar situation could be seen not just on the NASDAQ 100 but on the S&P 500 and DJI.

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