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Wednesday's closing strength was one of the sickest fakeouts I have ever seen. If you didn't have access to after hours trading you were so screwed this morning it was totally sick.

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They had the 5 hr and 2 day cycle indicators turned up with no hint that anything out of the ordinary was happening.

 

But The Wall Street Examiner wasn't fooled.

 

Cycle based stock screening data weakened across the board on Wednesday. This could be a significant signal, given that the market averages were virtually unchanged. There was a large expansion of new short term sell signals, a sign of a probable peak in shorter term cycles...

 

-Wall Street Examiner Professional Edition 11/18/09

 

Click the link below to try the Professional Edition risk free for 30 days.

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