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Monday, June 25, 2012

GEO - Acting and Looking Bullish

The market (SPY) is down 1.56% today with 1.5 hours to go with convincing breadth, yet GEO is up .43%.  That's bullish.  The weekly chart is showing cup with handle pattern, which is also a bullish setup.  However, beware of the tide which could easily trump individual current.  Another caveat is that uptrend prior to the cup is non-existent.  GEO should have good odds of advancing in a big way if the broad market turns up.  Currently holding GEO long.  Always do your own due diligence.

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