Wednesday, July 13, 2011

Market Update

I'm trying to listen to Bernanke and figure out what s moving and changing the dynamics in the market.

As I said, the dollar seemed to be searching for a foothold, GLD is an example of that. So are the averages.
 DIA 1 min looking pretty negative

 The Q's have a negative divergence, but thus far look the strongest of the 3

And the SPY. We'll see if this can make it to the 5 min charts

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