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The day is not over yet but such intermarket divergence would be an early warning - again we'll need to see over time if this is resolved. In any event, we have not had any changes in the intermediate trend (it remains up).
yes techs have been lagging for a little while now, that is something to take note of
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Steve/ Matt what do you make of NDX and COMP not making new highs while spx and dow did?
Posted by chlo888 on 7th of Aug 2009 at 12:08 pm
The day is not over
Posted by steve on 7th of Aug 2009 at 01:08 pm
The day is not over yet but such intermarket divergence would be an early warning - again we'll need to see over time if this is resolved. In any event, we have not had any changes in the intermediate trend (it remains up).
yes techs have been lagging
Posted by matt on 7th of Aug 2009 at 12:26 pm
yes techs have been lagging for a little while now, that is something to take note of