Wednesday, January 23, 2008

MER - watch this stock

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MER = 70 ()

MER formed a white candle with lower high and lower low. Volume increasing.

MER formed another white candle for the 4th time, whereas the PSEi formed a 7th straight black candle. Is MER showing it's strength by forming these white candles?

news: fed cuts rate by 75 basis points

Expect good things from MER

Good luck to all MER traders!
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