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September 11 Activity Report

September 11, 2008
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I hope everyone took a moment to remember 9/11/01 today. Hard to believe, even now, what actually happened that day. Sad for so many people.

As for the report…. our current position ABT broke up with a large white candle. The SPX is showing a piercing line candle – or a hackneyed morning star. It’s a bullish pattern – the bounce that the market forecast foretold yesterday. The market forecast today has all 3 lines pointing up and the sentiment heading up. The intermediate line is just out of the lower reversal zone. The other 2 are up in the middle of the range. Maybe we will bounce some more up to the underside of the 40 day – or not.

CELG may produce 3 greens in several days. PRXL also.

Kathy P

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