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[tommyt]

Last week the Mc Osc closed at -313, an extreme reading...It has before and did produce a good rally this time...Now the Mc Osc is -53, a more neutral reading. I've exited a few longs, and will short SPY on any up from this point with a stop just above the 50% retracement point , above 142, unless we gap up big, then stop 1% above that. Good hunting.