Tuesday, January 24, 2012

Under Pressure

A close below yesterday’s low will confirm the sell and move toward a phase low .Ideally will look for a 50% retracement of this last up move with oversold readings. With this we will look for an entry point for those on our radar displaying some relative strength. Some we like are AMZN, POT, and MA. Our uptrend we are in should take us up for 18-19 weeks, with ups and downs along the way.

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