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Storm Clouds Gather – WSE Pro

As the market has weakened over the past couple of days, a wide range of intermediate indicators which have had relatively innocuous negative divergences versus index price levels have suddenly begun to look much more threatening. At the same time, the market averages are on, or closing in on, key trendlines, both those drawn on the basis of equal vertical width channels, and those based on projections of regression channels. This is evolving into what could potentially be the most interesting juncture in the market since last June and July. Click here to download complete report in pdf format (Professional Edition Subscribers).

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