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Thursday, November 11, 2010

Long Black Candles

Assume a stock breaks out of a trading range on high volume. It looks great. People buy it, and then the stock collapses. This scenario, most people will view the original breakout as a failed technical signal. The original breakout, however, may be only the beginning of a more complex pattern that is far more reliable than the breakout itself..Mark Minervini – market wizard

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