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Tuesday, June 18, 2013 5:15:39 PM
GU...Early to the FOMC Party
GU got a head start here gang. I was looking at a short on GU yesterday and, to my ultimate disappointment, I decided to pass in favor of other plays.
Trend line has been clearly broken. That leaves us with fib box supports to watch.
The nearest one shows support at 1.5490. Longer term, we have one at 1.5191.
Notice where we stopped...right near the upper trade level at 1.5785. Pretty darn close if you ask me.
GU appears to be set to sell off for a while.
GU got a head start here gang. I was looking at a short on GU yesterday and, to my ultimate disappointment, I decided to pass in favor of other plays.
Trend line has been clearly broken. That leaves us with fib box supports to watch.
The nearest one shows support at 1.5490. Longer term, we have one at 1.5191.
Notice where we stopped...right near the upper trade level at 1.5785. Pretty darn close if you ask me.
GU appears to be set to sell off for a while.
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