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IBDvalueinvestin (98.32)

OVERSOLD - short-term



May 23, 2011 – Comments (0) | RELATED TICKERS: QQQ , SPY , VXX

While it is close to being oversold, other short-term technical indicators reversed from favorable to unfavorable in the course of the week, growing steadily more negative from day to day. That is what's being said in the general market after today's continued bloodbath from Friday.



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