Saturday, June 12, 2010

There was a short term bounce in the making....

...but it didn't change the intermediate outlook.



Pls. see all the (A) markers that all show Divergences where you have lower price lows with less New 20d Lows or less Selling Pressure 1 & 2.
On the other side the cummulative Gages that determin the intermediate Trend (see (B)) have NOT changed!!
Further note that the blue line representing a Momentum gage based on the deviation from the 50day Moving Avergage has reached a new low area since the beginning of the MONSTER-RALLY in Q1, 2009.

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