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For those of you who are pattern watchers, look at SBEI. Looks to me like a
classic "saucer" formation. The stock has pulled back to the breakout
point....a great buying opportunity for believers.
Looking at the longer term chart, it shows up as a "cup" formation....still a
rather bullish pattern.
In my research I am seeing quite a few small cap stocks pulling back to break
out points. Another good example is ADEX....a basing pattern pullback.
Any comments from the "smoking jackets" out there?
Jerry
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