Tuesday, May 11, 2010
turn down
SnP turned back right at its 50 day ema around 1170. TRIN is rising dramatically to 173, bearish. So is the nas trin. ADD has dropped almost 1000 issues advanceing. I'd like to see it take out the 1147 support and then we could be on our way down. looks like the roll over happened around 11pst. by noon it had bounced back the mean or linear regression line and is now heading down again.
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