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Saturday, November 15, 2008

Union Bank of Switzerland (UBS)

Notice that this is another financial. This looks like it broke down on Friday. Watch this at the open and see if it starts to tank right away. There is still the possibility that the weekend gives it a chance to get back into the descending continuation triangle, in which case we have 1-2 weeks to hit the price target of $2-4. Watch $12.25 for entry back into the triangle (which requires some waiting thereafter), or any pressure to get below $11.50 (where it will tank).

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