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Marty Chenard is an Advanced Stock Market Technical Analyst that has developed his own proprietary analytical tools and stock market models. As a result, he…

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Challenged but Not Dead Last Friday ...

The Institutional Selling trend lines had a small up tick but still showed that it has been trending lower. Note that less selling is a positive and more selling is a negative.)

Note how the headline above said "challenged". The challenge comes from the fact that the NYA Index (see the posted chart) has been testing its upper Bollinger line.

Institutional Selling Chart

 

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