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Bret Kenwell
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I seek out companies that have the ability to generate above-average growth for many years, before ultimately becoming a shareholder-friendly, dividend paying titan, cementing its spot in my portfolio with an incredibly low cost basis due to the previous years of steady, strong growth. These are... More
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  • S&P Support And Resistance 0 comments
    Jun 29, 2012 10:47 AM

    I will work on this over the weekend and provide actual information. Right now this is made strictly for the StockTalkers on Seeking Alpha to provide some insight.

    (click to enlarge)

    Okay, enlarge this and you will see. 1350-1355 was support for awhile. Then we blew through and treaded water in that zone. Once we broke below we have failed to get above. Ignore the red the cross though the middle, that is my cursor, I did a screen shot.

    Here is another, only with a closer zoom:

    (click to enlarge)

    Basically the same as above, same line drawn and everything. Again, I am not saying we can't break this level and hold it, I just want everyone to be aware of the levels!! It's easy to get sucked into buying this rally!

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