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Movado Group, Inc. Message Board

  • ivanthemoron ivanthemoron Jun 4, 2012 10:44 AM Flag

    run a one year graph

    overlaying MOV and Fosl, they track near perfect to April, then FOSL flattens before collapsing 60%, MOV keeps running up while FOSL flattened, stumbled when FOSL collapsed and then formed a perfect double top

    clearly will retrace to 20 and probably 16

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    • i ran it out longer and say a longer term bullish as long as China does not have a 1929 and Europe gets their head out of somewhere. We are actually alot better here in US than people think. total US debt, mainly private and corporate debt are way down, and I believe will eventually spending will go up to the equilibrium so US economy may pick up.

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