Thursday, September 8, 2011

Beauty

Fade was perfect, then the double bottom led to a nice push up to a new high on the week.

We're now seeing a nice pullback to the recent break level, but breadth is currently negative.

If we don't take a big dive in breadth, watch for another try at the highs. If breadth doesn't get better, the upside will likely be limited, which means we can chop around into Obama's speech tonight

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