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Posted on June 26th, 2008 at 07:39 AM

I hope this is a happy day! I know the people at RIMM don't think so, but I hope there are a lot of happy GET customers today who shorted RIMM on the counter trend. Using the Regression Trend Channel entry we teach, one should be short on the Daily chart from about $143.25, with a stop somewhere around $148.35.

The initial target in any Counter Trend Trade is the MOB off of the previous Wave 4. Guess what...we hit that MOB today!

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