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Thursday, July 26, 2007 

Thursday SELL-OFF

Chart courtesy of stockcharts

Bidu shares rocketed more than 14% to 209.06$ today, after Chinese search engine have reported strong results that surpassed Wall Street expectations. Bidu earned 141.9 million yuan, up from 58.5 million yuan in the year-earlier period, the company said. Looking at the daily chart, we can see that the buying pressure still strong, as are showing RSI, however stock failed to breakout in close previous the high at 215.61$. Let's see if tomorrow, stock will breakout this are to confirm intraday breakout. So for now Bulls are controlling the trend.

Chart courtesy of stockcharts

ANGO cleared a downtrend channel Wednesday confirmed by volume.

Chart courtesy of stockcharts

JDS Uniphase "JDSU" looks like it will hold this line as support. Watch for a possible breakdown.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's All. Have a nice evening !!!

AC

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AC THANK YOU SO MUCH for your clue in CROX. Stock are flying in after-hours, THANK YOU ! THANK YOU !!!

All the best !!!

Peter

A great opportunity in SWC, which had been battered down 25% in 4 days by a desperate concentrated short who is unable to unwind its huge short position. Expect some great resersal tomorrow because this is one absolutely oversold stock with very bullish fundamentals.

I have done my research and explained everything about this concentrated short. Follow my link and do your own DD.

This is a rare opportunity you do NOT want to miss tomorrow. At least 10% profit in one day!!!

AC ,

CROX was really a great clue, like many others.

Tks

Rick

Markets will recover today some of their losses.

regards to all,

Roberto

good blog
check my blog too

http://tradingtennis.blogspot.com

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  • I'm a 43 year old Independent Trader using proprietary technical analysis with more than 18 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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