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Jamie's Pick: 02/03/12

Jamie's Pick: 02/03/12

Jamie Saettele, CMT, Sr. Technical Strategist

Use the first day of the month as an opening range from which to play breakouts. That range is 13218-13025. An upside break targets 13400/50 and a downside break 12875.

In summary:

Long on a break above 13218, target 13435 (stop 13110)

Short on a break below 13025, target 12880 (stop 13150)

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