Wednesday, May 30, 2012

30 May 2012

 Percent of stocks with their 50 day moving average over the 200 is still near high levels.
The third pane down is my commonly used short term oscillator.  Note the bearish divergence between the peaks.  We could finally start to see some real panic on this downleg.  However, if this finds a bottom above the last bottom, that should be considered strength.

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