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PCLN - Sept 21 2013 - 3 Year Weekly Chart
- Look at this awesome trend
- We are looking for a 10 - 15% correction at these levels
- Buy on big correction --> very possible can get a strong second leg of dumb money going up after correction
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- Risk to thesis - interesting volume action August 2012
- Lack of strong volume confirmation on last leg
- Above risk probably indicative of correction as mentioned above
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- Look to fundamentals to confirm despite irrational exuberance
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