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Saturday, August 21, 2010

What also didn't work

Following up on this post HERE
I still contend that the bullish wolfe wave is intact, but anything can happen at this point.
The current lows have a buy divergence going for it on the daily chart. Being that this could be perceived as a double bottom it could contain a tradeable bounce. Should the bottom give way, this weekly chart shows $35 as a reasonable target for support in the weeks ahead.

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