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Jeff Pierce
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I’m a swing trader of momentum stocks with a holding period of anywhere from a few hours to a few months. I run a number of screens to locate the strongest/weakest stocks out there, using technical analysis to determine my entries and exits. Trying to calculate the intrinsic value of stocks in... More
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  • Important Charts To Review 0 comments
    May 7, 2013 6:39 AM | about stocks: FXE

    By Jeff Pierce

    There is a major negative divergence between the percentage of stocks above their 200 moving average and what the Nasdaq is actually doing.

    (click to enlarge)

    Looks to be forming the right shoulder and this pattern remains intact.

    (click to enlarge)

    Has recently be rejected at resistance but will likely challenge it again.

    (click to enlarge)

    Has a very bearish pattern forming. The rally in Canadian stocks appears unsustainable.

    (click to enlarge)

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    Stocks: FXE
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