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Thursday, September 8, 2011

MA

MA is the first real breakout in price relative I have caught since I started the project about a month ago. It did attempt a breakout today, but didn't get volume and tucked it's head back down. I would be watching this pretty closely, it may start a shakeout here that lasts a week or two, and if the price relative line keeps rising and the ATR keeps dropping, it is a pretty good sign a breakout attempt is coming.

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