tradermike.net - 10/27/2009
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We had a pretty wild morning today which started off with about 1% gains in the first half hour but a rally in the dollar caused a sharp reversal in stocks. Those gains quickly turned to losses and that was about all she wrote for the day. The S&P; 500, Russell 2000 and Dow lost just over 1% ...
tradermike.net - 10/22/2009
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tradermike.net —
We had a pretty good reversal today which
made outside days on the S&P; 500 and Nasdaq....
Both of those indices made marginal new highs intraday and had volume increases today. So that qualifies them for key reversal day status. As usual though, we ...
(more)
October 21 Recap: A Key Reversal Day?
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* Henry Carstens is posting the positions from his trading system via Twitter; I see he has doubled down on the long side; * Looking at signs of a double top; * Getting close to the bottom of the stock market's linear regression channel; * Since the March bottom, weak closes have tended to be buying opportunities; * An inflation-hedged ETF and more good reading; ...
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