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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

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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