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Thursday, June 26, 2008

OIH Comparing Charts

On Tuesday I posted a 3C chart of the OIH along with my thoughts on how I thought that the rally at that point was destined to fail, or something along those lines. Here's an updated chart. You can compare it to the one below. Basically as long as the negative divergence persists, I see no reason for a breakout, however that could change within minutes if the buyers show up meaning business. If I see it happening, I'll try to post that chart as well.

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