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Monday, June 04, 2012 12:17:29 PM
VFC is always been CPST long holder. He has always been fair in his reporting, even when things were bad. It's good to know there is a well known blogger that is a long CPST supporter!
PPS now is beginning to reach the 3 year upward bottom trendline, and technically, about now is a great entry point if you feel the 4Q will be good.
It appears the IHs may have reached their recycle point; perfectly placed for any upward momo change.
Of course if 4Q is bad, they are also sitting in the spot where a breakdown will not hurt them.
Nothing to do but see how it plays out the next several weeks and follow your instincts.
PPS now is beginning to reach the 3 year upward bottom trendline, and technically, about now is a great entry point if you feel the 4Q will be good.
It appears the IHs may have reached their recycle point; perfectly placed for any upward momo change.
Of course if 4Q is bad, they are also sitting in the spot where a breakdown will not hurt them.
Nothing to do but see how it plays out the next several weeks and follow your instincts.
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