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The latest from the
OptionHunter session 11/23/2009 DIA - the market moved up today, but the hourly technicals may not sustain he move and shouldn't give ultra-confidence. QID - higher high in price, but a lower high on the indicator, indicates a move to the downside. SPY - the 30 minute price was compressed below the previous low but the indicator wasn't that low, this indicates a jolt could happen. BA - weekly is in a weakened state and the low level in the indicator is sharply higher than price, so the price needs to eclipse that level. This will get validation when the daily turns up happened on 11/2. The technical pressure on this stock gave it a bigger jolt than you would've gotten by buying the markets. |