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A little slow into the stock charts for the coming week

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let’s begin with some with some economic data was released last week and that will become a station with regard to Janet Yellen statement

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on did the 16th with regard to rates up to be a zia I think that she’s other mind of the wheels

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are finally coming off the Federal Reserve because we it

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at expected no movement on their plot

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no shot whatsoever that they would not raise rates and why can’t they raise rates because economy is just fallen off look let the politicians

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want us to believe that we have 4.9% unemployed in this country not simply a wine it’s a manufactured number of

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and the way they arrive at that number

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is that they count in people in other parts I and implied

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and consider them fulltime but it’s a Joe Elie take a look at the economic data with a retail sales

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retail sales came in with a negative number

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the prior number was revised downward from a positive 0.2 and number two a a negative number so while I say that I believe that the

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wheels coming off the Federal Reserve it’s the cause would appear on their radar screen

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for the first time a long time is inflation inflation using the court number which the Federal

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Reserve likes to use the market had expected an increase of 0.1% they got 0.3%

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so inflation is rearing its ugly head and remember that the Federal Reserve as stated in the passive they have a an initial leases lumber

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taken as an office they wanted 6% unemployment before they’ve raised rates may also wanted a 2% inflation rate

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it now has a run rate of about 2%

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with unemployment below 5% yet they still can raise rates

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they make that shot it’s what are they doing

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we blown trailer that chided yet they they still must be doubted the pendant so another tells

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you that the economy is just falling a portfolio of a plan yet what the market still they rallied

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so members will discuss the markets on the weekend, terry market pulse check

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so stay tuned for that, terry will also discuss our holdings and would deprive its stocks that we are holding as well as some of the ones that will

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discuss on the stock charts so let’s get to the charts are watching for the coming week OK so how was a week last week while we only book

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profits and one traders one commodity trades didn’t fairly well

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the UTA C which would shoot three times long of not gas

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and did quite well we boarded down here

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where that nobody else wanted it was a bottoming out we identify that was breaking out above the upper band of this downtrend channel

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a pullback we tested that was a single by the markets that we should be buying gas’ a ad and

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subsequently just took off and we booked profits here

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on the 15 we saw this Hilo candlestick

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and that’s a sign of indecision we’re booked a quick profit

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and we did quite well locally a backlog of using a city so this is actually a watch stock for us as well

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and if you take a look of the one outshot on EU GE ASEAN even mention to members the evening that we closed out the position that I

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may have been a bit early a bit premature in closing out the trade unstable that the wac shot

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you can see that Eugene Izzy on the one outshot his

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putting in a nice flat formations but was a continuation breakout formations

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of a very good it signed a very bullish sign and you can see that we set up two of them here once on the a

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Aladdin’s van vu fortune and the 15th and soul and so for now we’re setting up another one

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so I think that Yuji AC is looking good the key is that back to Daly shot the key is that it cannot break back down into this prior flat formation

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because I’ll be technical breakdown in one of avoided a point shots are UTA say still looking good guess Friday was a down day

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but let’s face it that’s a volatile ECF

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is no real technical breakdown in just a pullback volume was high stokes still look good

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I remain bullish on it you gas’ a

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DW tse I this is why one over last Wednesday on the

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number stock Charlie class where we discussed symbols of numbers submit a form a new review

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on a video at that Point I’m I said all avoided the WTI because I thought was going lower

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then eight dead and really pull back on

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but on Friday we flashed a bullish can reverse a love that right out for move higher off of historical support

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does that mean it that the delete CIA is done going down

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not yet done done them and make that call yet but it’s looking fairly bullish because we’re leaning into

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this

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resistance level we have and cleanly broken out yet some not ready to say that the WTI is a along at this Point I’m but it could be close so

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we’ll be looking for a move higher to break out above these upper band of resistance

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on the deluge CIA and will look to get along with the name volume was very good on Friday in institutional team elation

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stokes looking mature mackey’s room looking very mature boulder ploys to possibly move

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higher the limelight as Rabin top one stokes not quite yet

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but they are beginning to show signs of life but state acquittal that the weekly chart as a one

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identify whether his historical support and are we at it and take a look at the weekly chart

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you can say

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that we bounced off of historical support on Friday a good sign what we could bounce around here for a couple more weeks

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allotted distribution on volume

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so the derby and CIA is looking a good on both a weekly and daily base someone going in a

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Monday morning please which is watch and stall Celgene Daly shot

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we have a a double bottom side of the first leg of that double bottom was formed it back here during the

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opening weeks of February we rally that pulled back now on Friday we broke out above this upper band of resistance

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so Celgene is looking good

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and that breakout came on a rising up volume very bullish

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so Celgene base of looking

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good is well now word of caution as we take a look of the weekly chart

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is that we are trading down below historical support so what we need to do is we need to

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see strength on his cell gene and Easter rally up and threw

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let’s call at 10150

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then I would be a buyer of the shares not until then

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because what we won a division one a buy aid of the fact the fact is a breakout above the summer band of resistance not in the hope that it will

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as stands right now on a higher level view a weekly chart vs. daily chart the stock has broken down below

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key support so be it cautions the hierarchy is that the weekly chart has a

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strongly influence on hour trading decisions that what the daily chart dollars so does the cattle

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on bullish on a daily chart not quite there yet on the weekly chart but I am optimistic

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Bridgeport education and

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Daly shot we have are assigned above 86 all over this one last weekend and this is a possible short at that point of it are assigned it was

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slightly higher the lower right now the shares have held in there but I still believe that the path of least resistance remains of the downside on

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the Bridgeport stokes is still moving higher so what this tells me is that I need to take a look of the weekly shot because the shares still a

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support its it would close off of the lows on Friday

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so is some support below so will we need to do is we need to take a look into weekly chart

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and then identify where a lot of the Sellers and because those are the folks are the help us if we decide the shortest name the help us the cause

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of those are the buyers that were buying of months ago

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added incentive is downward move on BPI a toilet is the money back its civil psychology solicit with a weekly shot and is the attic we

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have resistance above outlets caught 1123 last seen back in February 15 so little over a year ago

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these people that bought back here

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and a club like baby seals all that one is their money back

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sold a minute that we had 1123 going to see Sellers move in

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and get made a hole that is where we believe that the best wrist reward entry point is

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from a short perspective

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right now does a woman too much risk

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soared O’Leary is to

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minimize risk and maximize reward all of a 23 as a number next shot up is a ball but Bio

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but so what we’re seeing here

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is the possibility of a breakout a double bottom setup we had bottomed out in early January made to early January

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we rallied pullback for the higher low and was off to the races we sense pulled back

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now as long as we’re holding 4280 and beginning to break out above his upper band of resistors well then

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the shares look into statement from a mystery what basis because we have a lot of upside reward and as long as we use a stopwatch like

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below 42 lady will then the downside risk is pretty minimal

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so we’re looking to give long of the Liu E Friday we pulled back I believe that where retesting the

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breakout point stokes have a double bottom set of forming which is very very bullish

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double bottom set up on all the Minot Slater higher lows getting put in bullish

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numbers will take a look of the intraday chart on it be Liu E up on the weekend, say immediately following the stock charts night the weekly shot

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all what we seen it in a recent weeks on night he is a breakout above this upper band of

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resistance now we closed on Friday at resistance

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we can’t buy just yet but it’s looking promising looks as if it wants to break out above $64.00 per share

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when we close 60 to 99 some slow to the dollar to pay to go I would rather pay more

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to buy the shares on a clean break out and then buy them what a closed on Friday again we wanna buy and the fact

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the fat being a breakout

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rather than buy on the whole

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now on RS I was a former king and again we have broken out

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the shares looking good

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volume last week was slightly above average bullish

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the indicators a looking really good

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both lines on stokes above 50

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back teenagers may go positive higher lows on it wins settings are let’s take a look at the daily shot

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but so the daily shot we saw Friday that was not a good day we had a bears universal

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and a with this reaction this a price action on Friday

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icon in even more optimistic because once probably going to happen here is a problem

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going to pull back and read cessna’s breakout point now where should that retest look like

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if we pull back and retest is not a blue line because remember eyes of the 16 this was acting as resistance

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so if we pull back

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retested and put in a

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bullish universal like a song on December 22 this formation

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if we bounce off of this blue line and that’s a buy signal that’s a retest what was resistance is now support

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by all day long

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volume on Friday was high

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but again I would let that bother me too much we want the shares to pull back before we got mal

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is seeing higher lows on the

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the stochastic we still have

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lower highs set trainees to get broken so look for a pullback on nightie members will keep an eye on this one note higher lows on our

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assigned yet we have a breakout a higher high on our aside for looking indicator alike 90 looking good

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for the next shot up in and now the ocean ¬¨holdings we’re

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discusses one last Wednesday on the stock charts post on the block we have a breakout

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above his upper band of resistance very very bullish

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we’re sol follow through to the long side and on Friday until a daily Charlene up before the daily

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shows finish off the observations on a weekly chart so we had a breakout

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last week there are a sign

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volumes below average

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that’s a bit of a concern that a reason to stay away though

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all the slayer no breakout of last week but move higher which is good

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slow stochastic begin to break out

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so that chart of eight and is looking good Daly shot

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we had a broken out of this triangle formation and discuss this last

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Wednesday we at a bullish to verso on Friday meeting to try to take it down big they couldn’t do it buyers came in been enough this is the

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market sending the signal their of more buyers then there are Sellers a simple supply and demand

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so low probability the shares on moving higher

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watch for breakout above the 167

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when we close 165

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volume on Friday was excellent really really good

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we broke out on a stroke at sticks

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beautiful chart so at am is looking strong

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cocaine at flex Daly shot

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on

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I was discussing that clicks on a weekly basis daily basis of role

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once ago

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we were short of the name and we did quite well with it now it’s back on our radar screen because now one at resistance so I can go

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either way meeting I could buy on a breakout Ike is short on a breakdown I really don’t have a dog and this fight so I does one make money

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and I’m sure you detail so on

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Friday we’ll move higher the shares sold off of the 102.5 level

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so the question becomes well can lose its shares from back here overwhelmed by a switch right to set it up and threw 1 to 2.50 if they

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manage to close above one of 2.5 will look to buy the shares

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if they move it down to below this long banner support will look too short to shares

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volume is rising a but still below average so the probability

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of the shares of breaking out above this upper band of resistance

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bit since becoming a less and less optimistic fort netflix

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you can see that on old DOS later were making the lower highs that’s not good that’s the merge is a signal by the market

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now the stokes look pretty good idea of a double bottom setup possibly that points to move higher so we can’t based upon this simple price

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action on Friday make a determination one way to which way we believe novel to go to go neff

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little solace which way it’s going to go all the markets will be that for us

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now let’s take a look at the

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weekly chart dollar weekly basis you can ignore the fact that four weeks ago we managed to break out and above this upper band of

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now support prior resistance at 9451

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when we’ve spent the past several weeks above that level so we have to give the eye the continuation breakout higher

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tool of the alongs the name

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so by its favor Boltz no doubt even though we get higher above the supper band of prior resistance are a size yet to break out above 50

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the the neutral level volume last week very very weak well below average

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that’s the good of the two outshot the latter charge of king insisting we pulled back Dodi Star formation file to rise of trade on Friday

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the shares may be consolidating employs for a move higher

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so keep an eye and netflix again we don’t care which way it goes up are dow will trade in the direction the markets as the shares want to go

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and that’s it for this week the stock charts folks and we have a great weekend of a profitable

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week next week and I will talk to some members

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let’s roll into the weekend, terry

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