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Tuesday, March 29, 2011


SOHU is another near breakout among the leaders, and this one has some of the same weaknesses as MELI. On th positive side it's move is just beginning, but it does appear to be prematurely attempting a breakout, especially when you look at the volume, which was low for a breakout attempt. This one looked like it was done In December of last year, but out of nowhere made a big move up in January. Thye price relative line is decently strong, but not as strong as you would like to see in a leading stock.

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