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Friday, August 08, 2008

Sell and sell again on power down day

Red dots sell signals rock again today !!

* Market Breadth (MB) bearish since the open, prices pulled back to Buy Number (BN).

* 1st Sell didn't go far because MI (Market Internals) were positive. It showed some buying strength.

* MI turned to negative just before 6pm. Hence Sell signals after that time, 2nd Sell, were more profitable.

* Target L3 (Level3) achieved.

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