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Re: Chuck703VA post# 44287

Tuesday, 08/17/2010 12:15:47 PM

Tuesday, August 17, 2010 12:15:47 PM

Post# of 51804
Chuck - agree.

The rally off yesterday's lows is a nearly complete Zigzag / double zigzag. The duration is too short, IMHO. Another bit of selling into the close and choppy lower trading tomorrow. This corrective rally is forming the right shoulder of a monthlong Head n Shoulders pattern.

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