Market Internals 2011-08-18

By Lawrence

It is 1 am Eastern Time and the overnight market is down at the moment.

Japan Nikkei is down more than 1%

But as of close of yesterday Aug 17, the Tick16 Long Term is no longer bearish. And the 3-Day Advance Issues has completed its correction and bounced off the midpoint.

That means a strong rally is coming and the dips should be bought.

The rally should last for 2 to 3 days once it started.

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