Weekly chart for the Nas Composite is oversold and closed back in the May 2005 range. Daily closed with some divergence and both weekly and daily left marubozu candles. Nas 100 (NDX) the weekly closed back in the July 2006 range. The weekly is oversold, but daily although closed extreme it isnt oversold. The daily did have divergence though on the CCI. S&P 500 (SPX) weekly is oversold and like the NDX and COMPX closed with a marubozu candle on the weekly, but not the daily. The Daily closed with some slight divergence and a very weak close back i[...]
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[Source: The Money Blogs]
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