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First of all, I apologize for the length of my post, but I have plenty to say…I appreciate you allowing me my indulgence and intrusion into your time.
Further to my last weekly market update, here is a summary of where money flow ended for Week 4 of February, 2012.
The Weekly charts below of YM, ES, NQ & TF show that the YM, ES and NQ made a higher weekly close than the prior week, and that the TF made a lower weekly close…it's also the only one not to have made a higher weekly close in February since Week 1…one to watch for possible developing weakness. The NQ is climbing along its upper channel line resistance for the second week in a row.
First I would like to express my apologies for not being able to respond to some of the questions or comments from the readers. For some silly reason, Blogger is not allowing me to post response to the comments. I hope they sort it out soon.