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Thursday, July 30, 2009


SHOO got huge volume on earnings, but suffered the fate of a lot of stocks today: a late sell off. One thing that caught my eye was the pullback after the last breakout: You had a false "fill in the gap" pullback, then a second pullback which did fill the gap. Other than the big volum today, there isn't a whole lot going for this; the price relative is weak and CMF doesn't show much accumulation.

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