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Friday, October 21, 2011

TSCO

TSCO is coming out of a very deep base, and while it was climbing the right side it significantly outperformed the market, but since then not much. This is another cup and handle pattern with a big gash in the handle. The breakout point is at the blue horizontal line, so although it hit a new high today, the actaul breakout came yesterday, and it may be too extended now.

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