The VLE was soundly rejected at the 25dema. If it closes below 2048, it will be a renewed sell signal with the possibility of adding to existing short positions. Today would have been a great day to exit any countertrend long positions from last week. There may still be one more opportunity early to middle next week as long as markets do not close below last weeks lows on higher volume.
All intermediate term systems remain on a sell signal. I will introduce the next system by Sunday 2/3/08.
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