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Joined Apr 1, 2010
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Peeking Through the Gates of Hell


Two widely-discussed crashing commodity stocks, CLF and WLT, are likely tempting to knife-catchers with their parabolic moves lower. However, observing prior price memory on their respective monthly charts, below, I would wait for $15 on CLF and $20 on WLT before making any fancy contrarian moves.

Price has memory, and if you are going to be a hero in a very high risk trade it is best to wait for a more pronounced edge.





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