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Friday, September 24, 2010

MDCA


MDCA got  rush of volume for no reason that I could find (the chairman did ring the opening bell on the Nasdaq this morning, but I doubt that did it). What is really unusual is it gapped down this morning, then immediately reversed and took off, breaking through very tough resistance. Notice that price relative did not get to a new high, a negative, but ATR dropped to a very low level before the breakout, a positive.

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