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IDS World Markets Thurs 16th August 07


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Believe it or don't, the SPX has yet to become Dover Sole (<RSI 30) on the daily chart.

 

Came close today, but no ceegar. Is this important? Who knows. But we've hadn't had a buyable I/T bottom since the bool markit began without at least one SPX foray below RSI 30.

 

Could be that the dipsters are just a little bit too itchy on the trigger finga.

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