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Friday, August 8, 2008

MCD

For some reason clearstation listed this as a breakout when the actual breakout was 3 days ago. Not that that matters, today was as good a day to catch it as any. Nice volume today, and the relative strength line is incredible. Notice how it got to a new high as price was hitting the middle peak of the base, and took off from there, so as price was moving down toward the 200dma, the relative strength line was flat. Just incredible. The only beef I have here (no pun intended) is that CMF is declining.

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