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The latest from the IndexHunter session 08/18/2009

SPY  - meandering pattern on weekly, macd still high and above price line.  Daily still on the downside, hourly has continued downside strength.

 CYC  - needs to turn down to clarify the major market move to the downside.  Strong weekly, monthly still moving up.  Daily and hourly will give the evidence to make a trading decision.

ICE - could see it turn up this week.

CX  - still one of the strongest weekly patterns.

KBE - still very strong.

QQQQ - weekly chart says it belongs in the range, but there is potential for it to go higher, look at lower times frames to make the decision.

WNR  - has daily, weekly and monthly divergence, but needs a jolt from the hourly chart to kick things in motion.