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FWIW seems kinda hard to believe given the weak volume, but a number of tech stocks are showing a "fish" line (Fisher Transformation) that's starting to run in parallel with its rising signal line...That's something that we haven't seen for several years & implies that this might be something more than a bounce. Attached is ELX, as an example (Fish shown in second panel below price). Not closing my short yet but its starting to look like this move might have some legs...Guess a rising tide floats all boats, even leaky tubs like this. (btw, the last time ELX showed this pattern (Auguest,2000) it moved from 20 to 110 in 6 months)
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JUNK.GIF
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