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Tuesday, October 1, 2013

HOG

During the last few days, and especially yesterday, I noticed several leading stocks that were holding up extremely well while the rest of the market got hit. HOG is porbably not the best example I could find, but it is pretty damn good: notice the risising price relative line while price was sropping in the last few days. The result: a breakout when the overall market reversed. If there was any doubt before, it should be gone now: relative strength works.

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