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Monday, April 09, 2012

GLW - Backtesting

GLW has not given up the bullish case, barring total market melt-down.  The daily STO is oversold at 9.70 while the ADX is at modest 15.88.   In the big picture, it is around the middle of the 6 month consolidation range, between Fib 23.6 and 76.4 levels of 12.50 and 14.75, respectively.

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