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The latest from the
IndexHunter session 09/01/2009 DIA - weekly still strong, but now MACD is starting to roll over due to daily divergence and MACD below signal line. Just because it's rolled over doesn't mean it's the beginning of something extraordinary, need to have patience. HES - still has broken monthly chart, weekly is rolling over, daily under the signal line. IWM - weekly MACD going more sideways but still at a high level. TWM - has been
trying to strengthen, this give us a little more confidence
that we'll see more turn up on the short funds and as a
result more weakness in the major markets. |