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- McCain Breaks Cup & Handle
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The McCain Presidency contract broke above the 20 & 50 day MA’s in early August and has held the gains nicely. Since the beginning of August there has been a nice pattern of higher highs and higher lows. With a rising 50 DMA, this market remains “innocent til proven guilty”. Notice the shakeout below 38 prior to his speech, from failed moves come fast moves? The contract is tracing out a bullish cup and handle which shows strong Republican momentum. …
Original Source: alphatrends.blogspot.com
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5 Septiembre, 2008| Technical Analisis |
@ 11:12