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Short term there is now some negative divergence on the SPX 60 minute charts but as yet no clear sell signal. The bulls initial support area to monitor is the primary pivot around SPX 1823. Losing that opens the door for more downside.
http://www.glennbeck.com/2014/02/13/uh-oh-stock-market-is-tracking-just-like-1929/
Correct zach and thanks for clarifying
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Short term there is now
1929 comparison
Posted by steve on 14th of Feb 2014 at 09:12 am
Short term there is now some negative divergence on the SPX 60 minute charts but as yet no clear sell signal. The bulls initial support area to monitor is the primary pivot around SPX 1823. Losing that opens the door for more downside.
I think that is 1823 cash and around 1817.75 futures
Posted by zach06 on 14th of Feb 2014 at 09:15 am
A audio interview with Tom De Mark economist
Posted by amcap on 14th of Feb 2014 at 12:07 pm
http://www.glennbeck.com/2014/02/13/uh-oh-stock-market-is-tracking-just-like-1929/
Looking at the chart of the DOW, SPX and NAS they
Posted by torvix on 14th of Feb 2014 at 02:45 pm
Correct zach and thanks for
Posted by steve on 14th of Feb 2014 at 09:23 am
Correct zach and thanks for clarifying