HOT SPOT CHARTING...

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HOT SPOT CHARTING...

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SP500 O STRIP INDEX.
Closing in on target....


SP500 TECH HARDWARE & EQUIPMENT INDEX...


SP CONSUMER DISCRETIONARY BULLISH PERCENT INDEX.
Not yet keeping pace with markets. Possible bear flag...

Charts and comments are NEVER INTENDED AS ADVICE...

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HOT SPOT CHARTING...

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Weak volume levels could mean the big boys are not backing the move...





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APPLYING THE BRAKES...

China's central bank lifts reserve requirment by 50bp

Apr 5, 2007
HONG KONG (MarketWatch) -- China's central bank announced Thursday it will boost the reserve requirement ratio of banks by 50 basis points effective April 16. The move is the third increase in reserve requirement this year and follows a 27 basis point hike in short-term interest rates on March 18. The People's Bank of China announced the move through a statement published on its Web-site.

China's markets may react to this news when they open again on 4-10. The only purpose of the rate requirement is to pressure their markets........



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HOT SPOT CHARTING...

Nasdaq 100, Still couldn't close above 50ma...


Will the Hang Seng spark another worldwide sell off...


NYSE TICK, Unsustainable high tick...


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WILSHIRE...

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Wilshire 5000, Closed above 50ma without much fanfare.
Could have a follow through day but faces resistance at trend line...


Wilshire Large Cap Index, Closed above 50ma.
May have follow through day. Resistance at trend line...


Wilshire Mid Cap, Closed higher but unable to get above yesterdays high.


Wilshire Small Cap, Also closed higher without passing yesterdays high...


Wilshire Bank Index, Closed solidly below 200ma.
Down trend channel...


Wilshire US Tech, Flirting with lower trend line...

Wide range day possible soon.
Direction could be either way or both...

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Good luck trading...

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HOT SPOT CHARTING...

NIKKEI, Turned down after hitting the 50ma...


HANG SENG, Pulled back after touching 50ma.
Small gap to fill...


INDIA BOMBAY 30 INDEX, Closed below 200ma.
Eyeballing recent lows after falling almost 5%...

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CAVEAT EMPTOR...

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SP500 Stocks avove 200dma.....


SP500 Stocks percent above 150dma......


Charts and comments NEVER INTENDED AS ADVICE...

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