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Tuesday, December 23, 2008


One of the failed breakouts on the day. This is a nice pattern (the actual breakout point is the high of the handle, so the real breakout was yesterday), and it got good volume, but the profit taking overcame the buying. It's hard to predict just how far it will pull back, but it might be a good buy if it bounces off the 50dma, and a break of it would be a good short.

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