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Friday, May 29, 2009

STSI

Here is one of the failed breakouts on the day. Yesterday's move, for which I can find no reason, suckered in a lot of investors at the open, and this got an enormous gap up, which led to massive profit taking by those already in. The price relative line is extremely weak, and CMF has been showing distribution for over a month, so this failure was predictable.

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