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Monday, May 3, 2010


SVVS was an earnings breakout which appears to have formed a somewhat distorted cup and handle pattern. There was an increase in volume and in volatility just before earnings, something we have been seeing a lot lately. ATR started rising before the breakout, and never really dipped to extreme low levels, and CMF shows very little accumulation. I haven't seen the numbers on this, but they probably aren;t that impressive, nit that that wull stop the momentum traders from jumping on.

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