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Wednesday, April 7, 2010

PEC -- Ready for next Bull Run!


PEC after +DI positively placed (1st arrow) and gaining momentum after >30 the price began the strong surge from 0.69 to 0.82 app.. 19% gains. However the price after hit the historical symetical triangle resistance was being thown down to the support line.Now the history is going to repeat again. The +DI (2nd Arrow)is approching the 30 mark again and ADX is poiting up which signify an increased in up trend momentum. But this time maybe totally difference. The price (Candle)now finally break away from the historical symetical triangle and the price consodilation is almost 100% filled the triangle squeezee area... PEC may move really fast if >0.81 and shall be able to cross 0.85 with ease and finaly the breakout at 0.96 before approching the 1.05 final target derive from symetical triangle price measurement. vested interest at 0.77

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