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techcharter

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techcharter

Re: None

Monday, 04/23/2012 10:31:42 AM

Monday, April 23, 2012 10:31:42 AM

Post# of 51788
AME TOPPED OUT!!!

The top is in. After a Wave 4 flat formation from February 2012 to early April 2012, Wave 5 was a truncating ending diagonal. Today's sudden drop, retracing nearly half of Wave 5 tilts the odds heavily in favor of a top.

Also supporting a long term top are the RSI and Stochastics making lower highs as the stock made higher highs, a divergence.

SHORT LIKE MAD!

http://stockcharts.com/h-sc/ui?s=AME&p=D&yr=0&mn=6&dy=0&id=p47714664763
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