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*** LATEST UPDATES ***
The nightly charts are back up again.
Just click on the .pdf link next to the date at
http://www.oss.cc/TradingRoom_List.asp
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RECAP FOR THE WEEK OF: Mar 02, 2009
"Expecting a bit of a rally in the first part of this week. Stochastic and RSI both point towards a move up, as does a triangle that has formed. A rally here could last all week. Next week is horrible!
Wednesday or Thursday should see the most action."
RESULTS:
Monday was the biggest point change closing down -299 with a 303 intraday swing.
Thursday was a close second losing -281, but had the largest intraday swing with 329 points.
No rally in the beginning of the week, and the indicator that has been calling for a rally over the last two weeks has now gone flat.
View recent OEX REVERSAL dates.
FORECAST FOR THE WEEK OF: Mar 09, 2009
Duck-and-cover! This week is one of the worse set-ups I have seen in a long time. It is almost identical to last fall. If we are going to make new lows, and I believe we will, it is going to happen this week, and I will go so far as to say it will happen before the 12th.
Wednesday is expected to be the most active day.
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FINANCIAL EVENTS THIS COMING WEEK
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Monday, 09-Mar-2009
11:00 4-Week Bill Announcement
01:00 3-Month Bill Auction
01:00 6-Month Bill Auction
Tuesday, 10-Mar-2009
07:45 ICSC-Goldman Store Sales
08:55 Redbook
10:00 Wholesale Trade
01:00 4-Week Bill Auction
01:00 52-Week Bill Auction
01:00 3-Yr Note Auction
09:38 Full Moon
Wednesday, 11-Mar-2009
07:00 MBA Purchase Applications
10:00 Quarterly Services Survey
10:30 EIA Petroleum Status Report
01:00 10-Yr Note Auction
02:00 Treasury Budget
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Thursday, 12-Mar-2009
08:30 Retail Sales
08:30 Jobless Claims
10:00 Business Inventories
10:30 EIA Natural Gas Report
11:00 3-Month Bill Announcement
11:00 6-Month Bill Announcement
01:00 30-Yr Bond Auction
04:30 Money Supply
Friday, 13-Mar-2009
08:30 International Trade
08:30 Import and Export Prices
09:55 Consumer Sentiment
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Source: MyPivots
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