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Monday, March 19, 2012

PCLN - Target Reached. Time to Correct?

Been traveling the last 4 days.  Anyway, the much hated PCLN has reach the full target based on last October's low.  The closest support would be the 78.4 Fib retracement to 661 should it finally decide to correct.  If not, 728 would be the next target.  Under current market psychology, overbought conditions can last indefinitely.

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