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The latest from the
IndexHunter session 11/17/2009 DIA - weekly is still strong, daily still moving up and the path of least resistance is still up, the overall market is still strong and it keeps returning to it's upward strength, so don't think about puts for the long term, only very short term. VIX - hourly upside divergence was at a lower level than the price. SDS - weekly is flat, the daily is breaking down, there is upside divergence but it's moving to the downside and the hourly doesn't show much downside, it's just drifting. DBA - weekly sitting near the peak which shows prices need to come up. the daily is flattening and moving to the upside, as expiration gets closer you might want to look at the Agriculture stocks. CF - has decent technical pattern and the daily is moving up, if the short term charts re-assert themselves, then the price could go to 90 or above. IPI - best looking one in the Agriculture group and starting to show the jolt we talked about a few weeks ago. The hourly price was at the bottom on 11/10 with an upside divergence. The weekly and daily are strong so this means there could be more to go. |