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Jeff Pierce
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I’m a swing trader of momentum stocks with a holding period of anywhere from a few hours to a few months. I run a number of screens to locate the strongest/weakest stocks out there, using technical analysis to determine my entries and exits. Trying to calculate the intrinsic value of stocks in... More
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  • McClellan Index Slowly Heading Downward 0 comments
    Oct 24, 2012 10:12 AM

    By Liz DeMera

    NYSE McClellan Summation Index is starting to show some weakness as it has made a lower high from February 2012, while the SPX has made a higher high. I look at this for its direction and for now it's beginning to point downward, the next few days to a week in the market will be critical as it's showing downward momentum.

    (click to enlarge)

    This was written by @lizdemera , who uses market technicals, to determine the stock market's performance.

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