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Online Share Trading

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what is store for the ALL SHARE this week

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MoMo01
Frequent Contributor
the all share is overbought RSI is way over 70,what u guyz think
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5 REPLIES 5
Electrox
Super Contributor
MoMo what more important than the overbought factor....Is that there a divergences here..bearish ones
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jack12
Super Contributor
Back to test support at 21500??
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Shard
Super Contributor
Yeah, was going to say, dont base opinion on a solitary indicator, you need as many confirmations as possible.
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Not applicable
I guess today is a little bit of paddeling in the duck pond. No really positive news to drive anything substantially higher (exept the MTN and other news makers/talkers) and nothing really niegative to support a drop for the day either. I guess in the overall scheme of things the volumes are going to be a little thin through out for the day. Even the heavy weights like ANG and GL seem a little thin compared to last week. I know there are going to be expetions like with MTN and TKG but I guess the only real indicators will be tomorrow when he other major markets open again. See here, http://money.cnn.com/2009/05/22/markets/markets_weekahead/index.htm , for the major factors out in the US this week. These I guess will give us direction to one degree or another. Overall I agree with a bear suit to keep warm for a while longer.
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Not applicable
volumes are really low due to london and the U.S markets being closed. i guess tomorrow we'll see a down day once the volume comes in which should be mostly selling.
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