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The latest from the
OptionsHunter session 08/24/2009 XOM - Monthly is weak it's just beginning to feel pressure. Weekly has an upside divergence and daily is moving up, need weekly and daily to do down to validate the monthly. SPY - weekly has extraordinary strength to the upside, daily is a little weaker, so possibility of some short term weakness. XHB - weekly has tremendous upside force. In the near term is could go down if overall market is weak. XLE - monthly
has one of the weakest patterns. the hourly has a
double bottom with the MACD above the signal line, could
move the daily short term up. |