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Three Charts
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Three Charts

Three Charts

by The MoleMay 12, 2009

Here are three charts for your consumption tonight – offered without much commentary:

If we can breach that small lower diagonal on the chart I think Soilent Black plays out. The odds for tomorrow are horrible and we might go sideways all day again.

Three moving averages on the Nasdaq New High/Low Ratio Index – boy, this thing took the elevator up. That’s how a bear market rally looks like.

Compare that with the NYSE and notice the drop off since early May. I think this is a great way of visualizing the discrepancy between the SPX and the NDX as of late.

All I got tonight – I’m beat. See you tomorrow morning – for another whipsaw session.

Cheers,

Mole

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About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at the usual social media waterholes.
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