NYSE Comp', weekly
Summary
*I've been battling to find a chart that is a fair balance...ended up choosing the NYSE Comp' the 'master index' as I tend to call it.
We have a clear hold of the primary trend from Nov'2012. Notably, the only index that has so far broken the Nov'2012 trend is the R2K.
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So...what now?
Barring a full swing lower in the afternoon - which now looks highly unlikely, weekly'7 is trashed, and...(ironically) I revert back to weekly8.
I realise many out there will again be dismayed at the markets twisted reaction to this mornings latest data, and I myself am bemused that the market couldn't break lower to the 200 day MA in the 1710/1690 zone.
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12.01pm...we're now 51pts above the Wednesday low...3% in around 15 trading hours.
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*net issues, I can't access youtube, so...no VIX update
time for tea