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Tuesday, September 20, 2011

JAZZ

JAZZ broke out of a wierd looking base. The "W" pattern is actually part of a larger up and handle pattern, but with a rising handle, which, if memory serves me correctly, is not considered to be a good pattern. It did, however, have a breakout in price relative during that "W", which showed it was stronger than it looked.

I was interrupted (quite rudely, in fact) and was not able to get the data I need for the leading industry post, so I will not be able to put one up today.

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