Friday, October 30, 2009

DIA 10 min close October 30, 2009 with Derivitive Oscillators





















Is it time to draw a center-post?  How oversold is this market?  The Trend Oscillator below the T chart shows no indication of a trend reversal at this time.  If anyone initiated a short position into yesterday's rally, the trend oscillators indicate you should hold the short for now.  We cannot draw a new center-post until the cash buildup phase is completed.

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