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Wednesday, March 19, 2014

Wednesday, 3/19/14 update

Yesterday's buy signal on this daily indicator was described as tentative given the weakness of the move back above 1.00.  Today's selling has made it even more tentative as it resulted in a drop back below the 1.00 level to a reading of .96.  The buy signal will be canceled if the indicator drops below Monday's reading of .923, which will more than likely be the case if we see follow through selling tomorrow.
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