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Wednesday, April 21, 2010


The minis is aligned with the squiggle cash index count. In my opinion, if the SPX gaps up, runs to a new high and then retreats and closes the gap up (and closes in the red) it indicates exhaustion and a bigger drop is coming. But its only 5:43 am and the tape has yet to play.
The nasdaq100 minis is showing basically the same thing.
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