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#1 Cirrus

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Posted 14 July 2010 - 01:40 PM

I think FCX will call the shots and is worth following for a tell here. It's in some real tight daily consolidation. It reflects China, value, global growth and investors willingness to own stocks IMO. 66.25 and 70 on the upside are key levels along with 62.5ish on the downside--JMO. Also, my kudos to market as many things look like this could be IT in nature and not ST in nature. Keep in mind OEXCHAOS posted a bottom call near the exact low. One would suspect some selling after this rally. I don't think an IT rally is a sure thing yet but Mark's call is looking good depite this current weakness.

#2 OEXCHAOS

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Posted 14 July 2010 - 07:03 PM

Hey, thanks for the "atta". Everything has turned up, so it's about time for a correction. We'll see how it behaves. Now we're fighting Op-Ex too. The weekly turns up if we don't fall too much between here and Friday's close. I lighted up only a little. I'm thinking that it may be hard to get back in if I get out. Cumulative A/D volume is just barely neutral thanks to the neg breadth today.

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#3 hitoya

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Posted 14 July 2010 - 08:31 PM

I took profits from single postion fas(about %15 return). Thinking about entering later. We have strong resitance right around here.

Hey, thanks for the "atta".

Everything has turned up, so it's about time for a correction. We'll see how it behaves. Now we're fighting Op-Ex too. The weekly turns up if we don't fall too much between here and Friday's close.

I lighted up only a little. I'm thinking that it may be hard to get back in if I get out.

Cumulative A/D volume is just barely neutral thanks to the neg breadth today.