Thursday, December 20, 2007


Parabolic? On a monthly, definitely.

On the daily, less so.

Still, take a look at the daily and you see mostly distribution since November when it began the base that it's "breaking out" of today. Volume is also suspiciously light. One other problem I have with the base is the 20% drop in high volume that came the second week of November.

Finally, this is a third-stage base. This run is getting a little "long in the tooth." I'd be very cautious if I was buying here. Keep those stops tight.

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