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pmiles

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pmiles

Re: None

Wednesday, 03/19/2014 2:38:03 AM

Wednesday, March 19, 2014 2:38:03 AM

Post# of 51778
5 week low. I seem to have called this low incorrectly by a few days. Given the last 2 days it would seem that the low was on the 17th.

We are firmly back above the 5 week FMa having massively undershot the downside FMA target. This, obviously is bullish.

So in summary the uptrend is still in place. The only indication of any change is a flattening our of the FMA's up to and including the 20 week. This implies that we may be setting up a trading range. Whether that is so remains to be seen.
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