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Friday, November 03, 2006

Housing Sector - Formation Of Ascending Triangle?

The housing sector is showing higher lows & looks to form an ascending triangle. It tested the 50MA yesterday and closed above it. If it can hold above 50MA, high probability of breakout for the housing sector


Both RYL & LEN appears to be exhibiting the same formation.



posted by Simply Options Trader at 12:21 PM PERMALINK


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