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Monday, April 26, 2010

SCC

No doubt SCC has been one of the steady climbers lately. It has the characteristic of hovering just above 78.6%(pink) retracement after hitting the 127%(yellow)-162%(light blue) extension of the previous wave. Lately it has been doing so but today's low hit some kind of support line(gray) ending at a higher level for the day.This looks like a push towards the next level to me. Let's see what it does in the days to come.

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