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Post# of 157004
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rsinvestor

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rsinvestor

Re: smittygoodcall post# 56473

Friday, 04/30/2010 2:29:27 PM

Friday, April 30, 2010 2:29:27 PM

Post# of 157004
a cup and handle pattern can form on any time-frame chart. The daily and weekly charts require weeks and months, but for a 5 min, or 60 min chart, it could be a matter of a few days. The key to look for on a C&H is lower volume on the pullback (handle). This signifies weak selling pressure after the recent run up (right side of cup part). A break above the recent high is the confirmation.
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