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Saturday, June 23, 2012

PXP_June 22, 2012

1. PXP appears to be a Double Three: a flat-X-triangle
2. PXP is now on the Second Three. A triangle most likely.
3. The current downtrend in this second three could be a monowave wave-c.
4. Taking a position at wave-c may prove to be profitable in case the second three will be a flat instead     of the usual triangle
5. Supply your own TP. You already know the post-pattern action after a Double Three correction. Is that a DYM candidate?



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