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STILL LONG - narrow-range consolidation day


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#1 dTraderB

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Posted 02 September 2010 - 07:24 PM

Most importantly, THREE SPX daily systems went LONG today : MACD - barely so Momentum crossover Awesome oscillator 4-hour is also on a BUY BUT...tomorrow is the all important JOBS report; an hourly close below SPX 1080 will negate the 4-hour long signal; 1074 is the most important support, it must hold for the rally to continue. Just above the close is a critical ICHIMOKU top of resistance band at 1092.75, then minor resistance levels at 1109, 1115 and the big one at 1130. And.... here I go again with oil & gas trades: NAT GAS LONG @ 3.71; CRUDE LONG @ 73.80

Edited by dTraderB, 02 September 2010 - 07:30 PM.


#2 dTraderB

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Posted 02 September 2010 - 07:35 PM

Another opinion:
Markets Appear Ripe for a Sustainable Bullish Turn

http://seekingalpha....le-bullish-turn