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INDEX COMPARISON (2 charts)


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#1 samsung

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Posted 08 July 2005 - 04:33 PM

Not a bad week, the $ was up, oil made new highs, and the market made some nice gains even in the shadow of the London bombings. Wishing the best too all those folks !!!!! The DOW bumped right back up against the diagonal bottom trendline and the MA line, the SPX just about reached the top diagonal trend, and the Mid-Caps just plain "Blew The Top Out" :D :D I don't have the Small-Caps on the chart, but they also made new highs. :rolleyes: Just have too wait and see if the move can continue??? Second chart is just SPX...

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On the first chart the SPX is right at the diagonal trendline,, using the triangles as an indicator, it moved out the right side and is well above the MA line. Also got a buy signal on the A/D indicator. Could be a false breakout,,,, just have too wait and see.... All the best too everyone and have a great weekend !!!!!

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