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Wednesday, October 12, 2011


TAYD broke out of a bullish pennant pattern after a previous sharp up move. I;m not sure what triggered the move in the first place (probably earnings), and volume isn't very high, so it doesn;t take much to move this around, but it is one of the few really bullish patterns I have seen recently. It is a little too thinly traded right now, but it does bear watching in the future. Here again is a declining CMF, which in this case could be misleading (CMF doesn't seem tpo work well with vry thinly traded stocks).

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