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Textbook Flag Pattern in SMH

October 6, 2009 By Steven Place

Lot of things running today, it's part of the holy-crap-why-didn't-I-buy-on-the-dip momentum.

Here's a textbook flag pattern occurring in SMH, let's see how it resolves today:

Update: so much for the pattern, failed so no trade there.

Disclosure: short SMH call spreads

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