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Friday, 02/26/2010 10:09:23 PM

Friday, February 26, 2010 10:09:23 PM

Post# of 735956
Chart Analysis for WAMUQ - This analyst takes a cautionary view: "There are two things working against WAMUQ right now. The first is the gap left behind this morning. This stock hasn't left behind an unfilled gap for as far as I can find, so I doubt it's going to now. In other words, Washington Mutual are likely to hit $0.267 or lower before making a permanent move higher. The other strike against the chart is the shape of today's bar itself. It's a gravestone doji, where the open and close (so far) are at the low for the day. The idea is that it shows weakness on an intra-day basis, particularly after a sharp runup. And, WAMUQ has certainly done that much over the last six days."

Link:
http://www.smallcapnetwork.com/Chart-Analysis-WAMUQ-CAEI-IMGG/s/article/view/p/mid/2/id/199/
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