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SPX & OIH

 
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PostPosted: Sat Aug 09, 2008 5:58 pm    Post subject: SPX & OIH Reply with quote

The first two charts suggest SPX will continue the volatile uptrend, over the next month or two, until the NYMO 50-day MA reaches roughly 20, perhaps when SPX reaches 1,350. The third chart suggests OIH is a buy slightly above the (rising) 100-week MA, which may coincide with oil falling towards $100 a barrel.




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