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Technical Analysis with chessNwine

chessNwine
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
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Your Regularly Scheduled Cliffhanger

chessNwine Fri Aug 8, 2014 10:21am EST 3 Comments

funny-cliffhanger-candy-vending-machine

A dramatic upside reversal in the futures overnight saw a green open this morning.

As I write this, the indices are mixed-to-slightly green.

GMCR may be a short setup here, especially if $118 now acts as resistance into bounces. Note the base breakdown potential on the first chart, below.

UA is a long setup, basing high and tight on the second daily chart, below.

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GMCR

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UA

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3 comments

  1. bear54
    bear54
    August 8, 2014 at 11:11 am

    Chess
    As always great pic. What is your short term target for UA, 70?

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  2. Sooz
    Sooz
    August 8, 2014 at 11:34 am

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    http://ftw.usatoday.com/2014/07/under-armour-settles-whether-ballet-is-a-sport-in-new-breathtaking-ad

    *Misty Copeland’s one of only three African-American soloist and first in two decades with ABT.

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