Analysis Mon 6/16/08 Mov Avg-Exponential Indicator: Conventional Interpretation: Price is above the moving average so the trend is up. Additional Analysis: Market trend is UP. Stochastic - Fast Indicator: Conventional Interpretation: The stochastic is bearish because the SlowK line is below the SlowD line. Additional Analysis: The long term trend is UP. The short term trend looks a little toppy. The fact that the last two bars of SlowK are down and we are trading in a very high area of the stochastic is a little bearish short term. A possible short term down move may occur.
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