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CBGI — Three-day surge correction – If, Then… Market Timing

CBGI — Three-day surge correction

By Rod David | March 21, 2014 - 1:48 pm

CBGI — Three-day surge correction may be ending. I like this test of .19. Various strategies include:
> nibbling, and adding more into strength, especially if afternoon were to rally on expanding volume…
> buying, with the commitment to exit if .19 doesn”t hold as support into the close…
> prepare to buy Monday if today”s close is above .19 while price is firming on expanding volume.
In case you couldn”t tell, I don”t like the idea of owning this under .19. And I would be nervous owning it without some sort of “squeeze” upward into the weekend.

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