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Wednesday, April 6, 2011


DXPE has a somewhat similar pattern, but the base was way too deep and the 200dma was broken on the way down, price relative is weak, and today's move came after a straight up run that is probably not going to continue for long. On the plus side, it held the top of the gap in March after that really ugly black candle. This will probably start forming a handle somewhere in here, in which case I would be willing to take a closer look at it.

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