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Wednesday, July 14, 2010

The Important Matter of...

...not sticking to a direction bias.
As much as I was thinking POT might see some selling today, it just wasn't happening after recovering its 20-MA. I didn't make this trade, but it was a nice example of a pattern breakout.The triangle breakout didn't quite make the measured move projection, but the Previous Day's High was a realistic target that coincided closely.

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