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Thursday, December 1, 2011

PZZI

I have been watching PZZI for signs of it forming the O'Neil "high, tight flag" pattern. It qualifies in that it has about doubled in the last two months, and it was forming a flag pattern before today's move. The flag is proably too short to qualify, and my "pivot point projection" method projects a target just above where it is now, so it could be that this will do some more consolidation before moving out again. If it does make another big move tomorrow, I think it will be safe to assume that the next leg up has begun, and has the potential for another double.

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