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What a delicious cliche for a title. But appropriate? I think so. The market has obviously been twiddling its collective thumbs in anticipation of the Fed decision. Although it is fairly likely the outcome will amount to 1/4 point, it’s the language and the atmosphere the market awaits. I’ve included a few breadth charts below of the S&P 500 components. They include the number of stocks above and below their 50-bar moving average on a fifteen minute chart, a great looking rally breadth chart the guys from Worden came up with for the Blocks Trader platform and an advance/decline ratio and an advance decline line. All illustrate the waning support for the rally. …
Fuente Original
30 Abril, 2008| Technical Analisis |
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