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Sunday, November 25, 2007

In Retrospect: MA

MA

The bullishness of MA did not push thru. On the first trading day, it was sold down, and on the succeeding days it went a low as 0.25. This definitely invalidated the breakout as the price went back in and below the triangle formation. The bullishness of the MACD has now transformed into a bearish signal, with the looming action of a cross below center line

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