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Posts Tagged With 'shakeout'

Posted by Martin November 30, 2012

Will “Rally Attempt” hold?

Will "Rally Attempt" hold?

Today the market (SPY) provided a follow up in its price action to yesterday’s break above the trend line. It can be a shakeout, but I still see it more likely as a bottoming pattern. Today’s price extended recent rally all the way up to 50 day MA, but it broke thru the two month Continue reading →