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Friday, September 22, 2006

Stock Watch 22/9 - Breakdown


Caterpillar (CAT) setup looks almost the same as JOYG which btw was shaping up (or rather down) nicely yesterday. Still holding JOYG. Ok back to CAT. It has broken the base (64.46)of the descending triangle yesterday on high volume. Also closed below 50% Fibonacci Retracement. Support areas to watch out: 63,62,60.75

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