So far, every dip has proven to be a buying opportunity.
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A Cup and Handle appears to have formed on the daily chart of LNKD. The breakout is underway.
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The smaller-degree Head-and-Shoulders pattern has certainly fulfilled its downside objective with pinpoint accuracy, putting the odds on the bulls' side, at least in the short term.
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In order to recognize the start of a new trend, one must first be able to identify the end of the previous one.
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The chart suggests a flag-like countertrend rally that should set the stage for the next down leg after the FOMC meeting.
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Buy the drop shortly after the open, but sell the pop before the FOMC announcement...
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Expect the correction to be a deep and choppy affair...
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FFIV is poised for a major breakout in 2012.
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The chart of the GLD suggests that a falling wedge is forming...
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An interim top in the S&P will likely come somewhere between 1325 and 1340.
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