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The Market Trader Tao
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Tuesday, June 23, 2009

ProphetCharts: XLU


This Utilities Etf is a bearish wedge........notice the double top at the "e" position ...this is a good short play with a stop above the 28.25 area .....target is 27.00 then 25.50 if price breaks below lower trend line... i will try to get entry on the next upward move interday....27.30ish


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