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The latest from the
IndexHunter session 06/9/2009 IWM - Weekly on most major indexes is still strong, daily is moving a little sideways, need hourly to provide impetus to get daily to turn back up. IVT - this index is stronger than IWM, weekly has more strength and the daily blue line on the MACD indicator not flat like on IWM. CSCO - weekly blue line MACD shows the price needed to be higher than $20 it hit before, we require daily blue line to turn or stop moving down in order to validate the weekly strength, this happened two weeks or so ago. SLX - Steel index and all the stocks in this index have extraordinary strength. |