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June 15th, 2010: Update 3 – Intra-Day Afternoon

Posted by pugsma on June 15, 2010

1:50am EST:  Unfortunately, I’m having all kinds of trouble with freestockcharts.com today, so I can’t post an update 15-min chart.  There is a break-out attempt above 1105 underway, that has reached 1108 (the 200-day SMA) and stalled.   If this 1108 level is penatrated a run to 1115 by the close today could ensue.   This entire move up starting with the big pop off of 1051, has been above the mid-channel line of the chart I sent out this morning.  That is very bullish and favors a iii-(3) count, or possibily some time of 1-2, 1-2 count which also implies a more bullish behavior to come.

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