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Re: Dow/Wayne/Lee/Wayne

Hi Wayne,

Well, I hope you were "short all day" !!!!

When you get a chance, would you explain this:
"and you should have been short all day from the signals it was giving off,"

I'm looking at a 1 year daily chart with RSI 21 and MACD 24.52.9 that I think Trades uses on a daily chart.

I will say that on 8/4 the RSI tagged the 75 line and it dropped next day 8/5.

Then again on 8/9 but went up next day 8/10, Poked a little harder on 8/10 and it sold off today..

I'll skip the MACD for now as I really don't understand it well.

Maybe Trades will post his chart with some comment on the RSI, MACD behavior as he sees it ???

Any way, beyond the RSI tags of the 75 line I see nothing to indicate that it would drop like it did today. beyond the general assumption that "nothing goes straight up" without a pullback/breather day !!!???

Also, it went up on both of the market down days this week, and now dropped like a rock on another big "up day" in the market.

I also note that Coral "pontificated" that Tbonds were "going up" !!! Glad I didn't "blindly" buy into that comment !!!!

With "hindsight" that is about all I can glean from the chart !!!

Thanks, Lee

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Re: Dow/Wayne/Lee/Wayne