Wednesday, June 22, 2005

TRADING RANGE SINCE 1998

10 YR DOW Notice how WEAK RSI and MACD are to market action, descending peaks, bearish divergence, IMHO AS SPX/VIX ratio had been making new highs!

Now, if you look further back to 1995 (DOW 4K) IMHO ALL of that could be retraced.

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