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The latest from the
IndexHunter session 05/19/2009 Keep focused on where control is, start with Monthly chart.
SLX -
Monthly, weak but has
turned. Weekly, MACD blue line above the red line.
Daily, need to wait for turn, so look at Hourly to find the
catalyst for daily. Hourly had DB with divergence on
Friday afternoon. Same with IWM.
X - Below 27 on Friday, today up to almost 31. Doesn't
have same rolling over as Steel Index, but looks like it
could kick back into motion. BDX - Weekly has technical strength built into it, daily needs to move to the upside. |