Saturday, March 20, 2010
OEX (MID CAP) Uptrend
The OEX is in an uptrend, clearly. Yes, the intermediate uptrend was broken, but it was unrealistically steep. There is an uptrend line that is holding well on the OEX currently and look at the beautiful retest of the bear market trendline after it was broken.
There is low volatility and therefore fuel in the tank for a trend, and trend models indicate the uptrend is a go.
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