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	<title>Stock Market News &#38; Stocks to Watch from StraightStocks &#187; Appointment</title>
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		<title>Bullish Percents getting a little toasty</title>
		<link>http://www.straightstocks.com/current-market-news/bullish-percents-getting-a-little-toasty/</link>
		<comments>http://www.straightstocks.com/current-market-news/bullish-percents-getting-a-little-toasty/#comments</comments>
		<pubDate>Wed, 07 May 2008 07:45:00 +0000</pubDate>
		<dc:creator>Declan Fallon</dc:creator>
				<category><![CDATA[Current Market News]]></category>
		<category><![CDATA[Appointment]]></category>
		<category><![CDATA[Bear Market]]></category>
		<category><![CDATA[Breadth]]></category>
		<category><![CDATA[Continuation]]></category>
		<category><![CDATA[Current]]></category>
		<category><![CDATA[Fall Time]]></category>
		<category><![CDATA[Ins]]></category>
		<category><![CDATA[Lows]]></category>
		<category><![CDATA[Market Indices]]></category>
		<category><![CDATA[nasdaq]]></category>
		<category><![CDATA[Negative Divergence]]></category>
		<category><![CDATA[New Highs]]></category>
		<category><![CDATA[Percents]]></category>
		<category><![CDATA[Rally]]></category>
		<category><![CDATA[Toasty]]></category>

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		<description><![CDATA[Although not of immediate concern, some of the bullish percents are about to enter bear market (but not bull market) top territory. If January lows represent the start of a bear market then these breadth indicators should top soon. If the current rally is a continuation of the cyclical bull market then there is room for another 15-20% of gain (perhaps as much as 50% for the Nasdaq Bullish Percents). <br /><br />How this impacts on the market remains to be seen, but the likely outcome would be a negative divergence between breadth indicators and the market; indices make new highs as bullish percents fall. Time will tell.<br /><br /><a href="http://bp3.blogger.com/_c5puQXgQIVY/SCFevsZmAXI/AAAAAAAAALg/DFg9Y9gvWIc/s1600-h/BPCOMPMay6.png"><img style="hand;" src="http://bp3.blogger.com/_c5puQXgQIVY/SCFevsZmAXI/AAAAAAAAALg/DFg9Y9gvWIc/s400/BPCOMPMay6.png" border="0" /></a><br /><a href="http://bp3.blogger.com/_c5puQXgQIVY/SCFe1sZmAYI/AAAAAAAAALo/27KSp7jDNp0/s1600-h/BPINDUMay6.png"><img style="hand;" src="http://bp3.blogger.com/_c5puQXgQIVY/SCFe1sZmAYI/AAAAAAAAALo/27KSp7jDNp0/s400/BPINDUMay6.png" border="0" /></a><br /><a href="http://bp0.blogger.com/_c5puQXgQIVY/SCFe78ZmAZI/AAAAAAAAALw/D6_b5J979Oc/s1600-h/BPSPXMay6.png"><img style="hand;" src="http://bp0.blogger.com/_c5puQXgQIVY/SCFe78ZmAZI/AAAAAAAAALw/D6_b5J979Oc/s400/BPSPXMay6.png" border="0" /></a><br />I'm traveling to D.C. so there will be no update tomorrow. INS appointment Friday. <br /><br /><div align="center"><a href="http://blog.fallondpicks.com/2008/04/new-kiva-loans.html">Get  the Fallond Newsletter</a><a href="http://technorati.com/tag/Fallond" rel="tag"></a><a href="http://technorati.com/tag/Stocks" rel="tag"></a><a href="http://technorati.com/tag/Trading" rel="tag"></a></div>]]></description>
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