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Tuesday, September 27, 2011


There were lots of breakout attempts today, but not many worked. SMBL was one that did. It just completed a fairly long base, about half of which was in the upper half of the trading range, the other in the lower half. I don;t think much of the chart pattern, but the price relative line hit a new high a couple of days before price, which told us this was stronger than it looked.

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