Intra Day Trading - page 7

 

*** Intra-Daily Trading Strategy: SELLEuro Dollar / US Dollar

Sell Target:1.3517

Sell Stop: 1.3534

Enter New SELL on OPEN and exit SELL positions at Target price or at Stop price.

(NOTE: Adjust Stop Loss Price according to your trading risk.)

Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING only!!!!!

A black body has formed as prices closed lower than open.

The previous 10 candlestick bars, there are 5 white candles versus 5 black candles.

The previous 50 candlestick bars, there are 26 white candles versus 24 black candles with a net of 2 white candles.

A doji star has formed where a doji gaps above or below the previous candle. This often signals a reversal with confirmation occurring on the next bar.

MACD is BULLISH as the MACD is above the signal line. The MACD crossedabove the signal line 12 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 1.72%, and has been fluctuating from a high of 1.357 to a low of 1.325.

The Stochastic Oscillatoris currently above 80 which is "overbought". The last signal was a Buy 16 Period(s) Ago.

The close is currently

ABOVE its 200 daily moving average

ABOVE its 50 daily moving average

ABOVE its 20 daily moving average

The current market condition for Euro Dollar / US Dollar is Very Bullish

Euro Dollar / US Dollar closed below the upper Bollinger Band by 25.2%. Bollinger Bands are 27.32% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

Elliott Waves High Volatility has detected a possible point 4 of a WolfWave (21%) pattern for Euro Dollar / US Dollar. This pattern is an expanding triangle and trades from the next point. When the peak or trough will form, usually after crossing or touching the extended line of points 1 and 3, the price will move in the opposite direction towards the target line formed by the extension of points 2 and 4.

An Inside Day Narrow Range was detected by your Elliott Waves High Volatility on 01/10/13. This is usually a trade set-up opportunity.

Elliott Waves High Volatility has detected a Gann Swing or Pullback that is usually a bullish pattern! It should be used with other indicators.

The present wave patterns are:

fast amplitude (8%): bullish wave 1

moderate amplitude (13%): bullish wave 3

normal amplitude (21%): is undefined!

slow amplitude (34%): is undefined!

Euro Dollar / US Dollar is long term Bullish as the 144 days moving average of 1.32 is increasing. The Relative Strength Index is at 64.20 in the neutral territory. The Relative Momentum Index is at 72.74 in the overbought territory. An important indicator for Elliott waves, the Elliott oscillator is at 0.01, in positive territory; this is a bullish sign. An equally important indicator, the STORSI is at 36.14. This value is in the neutral territory.

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A white body has formed as prices closed higher than open. The previous 10 candlestick bars, there are 6 white candles versus 4 black candles with a net of 2 white candles. The previous 50 candlestick bars, there are 27 white candles versus 22 black candles with a net of 5 white candles. A doji star has formed where a doji gaps above or below the previous candle. This often signals a reversal with confirmation occurring on the next bar. MACD is BULLISH as the MACD is above the signal line. The MACD crossedabove the signal line 11 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 2.16%, and has been fluctuating from a high of 1.364 to a low of 1.310.

The Stochastic Oscillatoris currently above 80 indicating an "overbought" condition. Stochastic signal was a Sell 5 Period(s) ago. The RSI has just reached its highest value in the last 14 period(s). This is BULLISHsignal.

Currently, the Momentum Oscillator is in an overbought condition.

The ADX is currently below both Plus and Minus Directional indicators and the Directional Movement Indicators (DMI) currently is not indicating a specific price direction and should not initiate any trades right now.

SAR signal was a Buy 10 period(s) ago.

The close is currently

ABOVE its 200 weekly moving average

ABOVE its 50 weekly moving average

ABOVE its 20 weekly moving average

The current market condition for Euro Dollar / US Dollar is Very Bullish

Euro Dollar / US Dollar closed below the upper Bollinger Band by 10.5%. Bollinger Bands are 41.14% narrower than normal. The narrow width of the Bollinger Bands suggests low volatility as compared to Euro Dollar / US Dollar's normal range. Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term. The Bollinger Bands have been in this narrow range for 17 period(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.

Elliott Waves High Volatility has detected a possible point 4 of a WolfWave (21%) pattern for Euro Dollar / US Dollar. This pattern is an expanding triangle and trades from the next point. When the peak or trough will form, usually after crossing or touching the extended line of points 1 and 3, the price will move in the opposite direction towards the target line formed by the extension of points 2 and 4.

An Inside Day Narrow Range was detected by your Elliott Waves High Volatility on 07/10/13. This is usually a trade set-up opportunity.

Elliott Waves High Volatility has detected an Isolated High at 1.36one bar ago; this is usually a bearish sign that is not to be used alone!

Elliott Waves High Volatility has detected a Gann Swing or Pullback that is usually a bullish pattern! It should be used with other indicators.

The present wave patterns are:

fast amplitude (8%): bullish wave 1

moderate amplitude (13%): bullish wave 3

Euro Dollar / US Dollar is long term Bullish as the 144 days moving average of 1.33 is increasing. The Relative Strength Index is at 62.40 in the neutral territory. The Relative Momentum Index is at 69.39 in the neutral territory. An important indicator for Elliott waves, the Elliott oscillator is at 0.03, in positive territory; this is a bullish sign. An equally important indicator, the STORSI is at 99.86. This value is in the overbought territory.

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*** Intra-Daily Trading Strategy: BUYBritish Pound / US Dollar

Buy Target: 1.6096

Buy Stop: 1.6062

Enter New BUY on OPEN and exit BUY positions at Target price or at Stop price.

(NOTE: Adjust Stop Loss Price according to your trading risk.)

Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING only!!!!!

A black body has formed as prices closed lower than open.

The previous 10 candlestick bars, there are 6 white candles versus 4 black candles with a net of 2 white candles.

The previous 50 candlestick bars, there are 28 white candles versus 22 black candles with a net of 6 white candles.

A spinning top has formed which is a candle with a small real body. Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.

MACD is BEARISH as the MACD is below the signal line. The MACD crossedbelow the signal line 2 period(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar's price has increased 0.47%, and has been fluctuating from a high of 1.618 to a low of 1.600.

RSI signal was a Sell 3 period(s) ago.

The last Directional Movement Indicators (DMI) signal was a BUY 90 period(s) ago.

There were no SAR signals generated today. The last SAR signal was a Sell 2 period(s) ago.

The close is currently

ABOVE its 200 daily moving average

ABOVE its 50 daily moving average

ABOVE its 20 daily moving average

The current market condition for British Pound / US Dollar is Very Bullish

British Pound / US Dollar closed below the upper Bollinger Band by 40.1%. Bollinger Bands are 13.61% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

An Inside Day Narrow Range was detected by your Elliott Waves High Volatility on 08/10/13. This is usually a trade set-up opportunity.

Elliott Waves High Volatility has detected a Gann Swing or Pullback that is usually a bearish pattern! It should be used with other indicators.

The present wave patterns are:

fast amplitude (8%): bullish wave 3

British Pound / US Dollar is long term Bullish as the 144 days moving average of 1.56 is increasing. The Relative Strength Index is at 58.61 in the neutral territory. The Relative Momentum Index is at 76.73 in the overbought territory. An important indicator for Elliott waves, the Elliott oscillator is at 0.02, in positive territory; this is a bullish sign. An equally important indicator, the STORSI is at 15.29. This value is in the oversold territory.

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A black body has formed as prices closed lower than open.

The previous 10 candlestick bars, there are 4 white candles versus 6 black candles with a net of 2 black candles.

The previous 50 candlestick bars, there are 26 white candles versus 23 black candles with a net of 3 white candles.

A long lower shadow has formed. This is typically a bullish signal (particularly when it occurs near a low price level, at a support level, or when the security is oversold).

MACD is BULLISH as the MACD is above the signal line. The MACD crossedabove the signal line 12 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 2.13%, and has been fluctuating from a high of 1.364 to a low of 1.310.

The Stochastic Oscillatoris currently above 80 indicating an "overbought" condition. Stochastic was a Sell 6 Period(s) Ago.

The price of Euro Dollar / US Dollar has set a new 14-period high while the RSI has not. This is a BEARISH DIVERGENCE and Momentum Oscillator is in an overbought condition.

SAR signal was a Buy 11 period(s) Ago.

The close is currently

ABOVE its 200 weekly moving average

ABOVE its 50 weekly moving average

ABOVE its 20 weekly moving average

The current market condition for Euro Dollar / US Dollar is Very Bullish

Euro Dollar / US Dollar closed below the upper Bollinger Band by 14.3%. Bollinger Bands are 41.38% narrower than normal. The narrow width of the Bollinger Bands suggests low volatility as compared to Euro Dollar / US Dollar's normal range. Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term. The Bollinger Bands have been in this narrow range for 18 period(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.

Elliott Waves High Volatility has detected a possible point 4 of a WolfWave (21%) pattern for Euro Dollar / US Dollar. This pattern is an expanding triangle and trades from the next point. When the peak or trough will form, usually after crossing or touching the extended line of points 1 and 3, the price will move in the opposite direction towards the target line formed by the extension of points 2 and 4.

An Inside Day Narrow Range was detected by your Elliott Waves High Volatility on 14/10/13. This is usually a trade set-up opportunity.

Elliott Waves High Volatility has detected a Gann Swing or Pullback that is usually a bullish pattern! It should be used with other indicators.

The present wave patterns are:

fast amplitude (8%): bullish wave 1

moderate amplitude (13%): bullish wave 3

Euro Dollar / US Dollar is long term Bullish as the 144 days moving average of 1.33 is increasing. The Relative Strength Index is at 62.06 in the neutral territory. The Relative Momentum Index is at 71.07 in the overbought territory. An important indicator for Elliott waves, the Elliott oscillator is at 0.03, in positive territory; this is a bullish sign. An equally important indicator, the STORSI is at 97.16. This value is in the overbought territory.

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*** Intra-Daily Trading Strategy: SELLEuro Dollar / US Dollar

Sell Target:1.3548

Sell Stop: 1.3574

Enter New SELL on OPEN and exit SELL positions at Target price or at Stop price.

(NOTE: Adjust Stop Loss Price according to your trading risk.)

Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING only!!!!!

A black body has formed as prices closed lower than open.

The previous 10 candlestick bars, there are 7 white candles versus 3 black candles with a net of 4 white candles.

The previous 50 candlestick bars, there are 28 white candles versus 22 black candles with a net of 6 white candles.

A spinning top has formed which is a candle with a small real body. Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.

MACD is BEARISH as the MACD is below the signal line. The MACD crossedbelow the signal line 4 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 0.24%, and has been fluctuating from a high of 1.360 to a low of 1.349.

RSI signal was a Sell 7 period(s) ago.

SAR signal was a Sell 4 period(s) ago.

The close is currently

ABOVE its 200 daily moving average

ABOVE its 50 daily moving average

ABOVE its 20 daily moving average

The current market condition for Euro Dollar / US Dollar is Very Bullish

Euro Dollar / US Dollar closed below the upper Bollinger Band by 38.2%. Bollinger Bands are 66.08% narrower than normal. The narrow width of the Bollinger Bands suggests low volatility as compared to Euro Dollar / US Dollar's normal range. Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term. The Bollinger Bands have been in this narrow range for 1 period(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.

Elliott Waves High Volatility has detected a possible point 4 of a WolfWave (21%) pattern for Euro Dollar / US Dollar. This pattern is an expanding triangle and trades from the next point. When the peak or trough will form, usually after crossing or touching the extended line of points 1 and 3, the price will move in the opposite direction towards the target line formed by the extension of points 2 and 4.

An Inside Day Narrow Range was detected by your Elliott Waves High Volatility on 15/10/13. This is usually a trade set-up opportunity.

Elliott Waves High Volatility has detected an Isolated High at 1.36one bar ago; this is usually a bearish sign.

Elliott Waves High Volatility has detected a Gann Swing or Pullback that is usually a bullish pattern!

The present wave patterns are:

fast amplitude (8%): bullish wave 1

moderate amplitude (13%): bullish wave 3

Euro Dollar / US Dollar is long term Bullish as the 144 days moving average of 1.32 is increasing. The Relative Strength Index is at 59.10 in the neutral territory. The Relative Momentum Index is at 67.71 in the neutral territory. An important indicator for Elliott waves, the Elliott oscillator is at 0.01, in positive territory; this is a bullish sign. An equally important indicator, the STORSI is at 17.50. This value is in the oversold territory.

Technical Outlook

Short Term: Neutral

Intermediate Term: Bullish

Long Term: Bullish

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*** Intra-Daily Trading Strategy: SELLBritish Pound / US Dollar

Sell Target:1.5963

Sell Stop: 1.6014

Enter New SELL on OPEN and exit SELL positions at Target price or at Stop price.

(NOTE: Adjust Stop Loss Price according to your trading risk.)

Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING only!!!!!

A black body has formed as prices closed lower than open.

The previous 10 candlestick bars, there are 5 white candles versus 5 black candles.

The previous 50 candlestick bars, there are 29 white candles versus 21 black candles with a net of 8 white candles.

MACD is BEARISH as the MACD is below the signal line. The MACD crossedbelow the signal line 8 period(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar's price has decreased 0.20%, and has been fluctuating from a high of 1.618 to a low of 1.591.

The Stochastic Oscillatoris currently below 20 indicating an "oversold" condition.

RSI was a Sell 9 period(s) ago.

SAR signal was a Sell 8 period(s) ago.

The close is currently

ABOVE its 200 daily moving average

ABOVE its 50 daily moving average

BELOW its 20 daily moving average

The current market condition for British Pound / US Dollar is Bullish.British Pound / US Dollar broke below the up trendline at 1.60, 5 day(s) ago. This is a bearish sign. This up trendline, currently with an ending point at 1.61, now provide upside resistance. Prices having only declined 0.15% since the breakout.

British Pound / US Dollar closed above the lower Bollinger Band by 27.3%. Bollinger Bands are 39.67% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

An Inside Day Narrow Range was detected by your Elliott Waves High Volatility on 16/10/13. This is usually a trade set-up opportunity.

Elliott Waves High Volatility has detected an Isolated Low at 1.59one bar ago ; this is usually a bullish sign that is not to be used alone!

The present wave patterns are:

fast amplitude (8%): bullish wave 3

British Pound / US Dollar is long term Bullish as the 144 days moving average of 1.56 is increasing. The Relative Strength Index is at 51.46 in the neutral territory. The Relative Momentum Index is at 58.91 in the neutral territory. An important indicator for Elliott waves, the Elliott oscillator is at 0.01, in positive territory; this is a bullish sign. An equally important indicator, the STORSI is at 8.37. This value is in the oversold territory.

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A black body has formed as prices closed lower than open.

The previous 10 candlestick bars, there are 5 white candles versus 5 black candles.

The previous 50 candlestick bars, there are 27 white candles versus 22 black candles with a net of 5 white candles.

A spinning top has formed which is a candle with a small real body. Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.

MACD is BULLISH as the MACD is above the signal line. The MACD crossedabove the signal line 13 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 3.00%, and has been fluctuating from a high of 1.370 to a low of 1.310.

The Stochastic Oscillatoris currently above 80. This is an indication of an "overbought" condition. signal was a Sell 7 Period(s) Ago.

Currently, the Momentum Oscillator is in an overbought condition.

The Directional Movement Indicators (DMI) currently is not indicating any specific price direction. There were no SAR signals generated today. The lastSAR signal was a Buy 12 period(s) Ago.

The close is currently

ABOVE its 200 weekly moving average

ABOVE its 50 weekly moving average

ABOVE its 20 weekly moving average

The current market condition for Euro Dollar / US Dollar is Very Bullish

Euro Dollar / US Dollar closed below the upper Bollinger Band by 8.7%. Bollinger Bands are 33.41% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

Technical Outlook

Short Term: Overbought

Intermediate Term: Bullish

Long Term: Bullish

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*** Intra-Daily Trading Strategy: SELLBritish Pound / US Dollar

Sell Target:1.6106

Sell Stop: 1.6201

Enter New SELL on OPEN and exit SELL positions at Target price or at Stop price.

(NOTE: Adjust Stop Loss Price according to your trading risk.)

Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING only!!!!!

A black body has formed as prices closed lower than open.

The previous 10 candlestick bars, there are 6 white candles versus 4 black candles with a net of 2 white candles.

The previous 50 candlestick bars, there are 30 white candles versus 20 black candles with a net of 10 white candles.

A engulfing bearish line has formed where a black candle's real body completely contains the previous white candle's real body. The engulfing bearish pattern is bearish during an uptrend (which is the case with British Pound / US Dollar). It signifies that the momentum may be shifting from the bulls to the bears.

If the engulfing bearish pattern occurs during a downtrend, it may be a last engulfing bottom which indicates a bullish reversal. The test to see if this is the case is if the next candle closes above the bottom the current (black) candle's real body.

MACD is BEARISH as the MACD is below the signal line. The MACD crossedbelow the signal line 11 period(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar's price has increased 0.74%, and has been fluctuating from a high of 1.622 to a low of 1.590. The MACD is currently not in any Overbought/Oversold range. There have been no divergencesignals during the last 5 periods.

Stochastic was a Buy 2 Period(s) Ago.

RSI was a Sell 12 period(s) ago.

SAR signal was a Buy 2 period(s) Ago.

The close is currently

ABOVE its 200 daily moving average

ABOVE its 50 daily moving average

ABOVE its 20 daily moving average

The current market condition for British Pound / US Dollar is Very Bullish

British Pound / US Dollar closed below the upper Bollinger Band by 35.0%. Bollinger Bands are 35.28% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

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A white body has formed as prices closed higher than open.

The previous 10 candlestick bars, there are 6 white candles versus 4 black candles with a net of 2 white candles.

The previous 50 candlestick bars, there are 28 white candles versus 21 black candles with a net of 7 white candles.

MACD is BULLISH as the MACD is above the signal line. The MACD crossedabove the signal line 13 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 3.95%, and has been fluctuating from a high of 1.383 to a low of 1.310.

The Stochastic Oscillatoris currently above 80. This is an indication of an "overbought" condition. Stochastic was a Sell 7 Period(s) Ago.

The RSI has just reached its highest value in the last 14 period(s). This is BULLISHsignal.

Currently, the Momentum Oscillator is in an overbought condition.

The Directional Movement Indicators (DMI) currently is not indicating any specific price direction not advisable to initiate any trades right now.

SAR signal was a Buy 12 period(s) Ago.

The close is currently

ABOVE its 200 weekly moving average

ABOVE its 50 weekly moving average

ABOVE its 20 weekly moving average

The current market condition for Euro Dollar / US Dollar is Very Bullish

Euro Dollar / US Dollar closed above the upper Bollinger Band by 2.3%. This combined with the steep uptrend suggests that the upward trend in prices has a good chance of continuing. However, a short-term pull-back inside the Bollinger Bands is likely. Bollinger Bands are 29.79% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

Elliott Waves High Volatility has detected a possible point 4 of a WolfWave (21%) pattern for Euro Dollar / US Dollar. This pattern is an expanding triangle and trades from the next point. When the peak or trough will form, usually after crossing or touching the extended line of points 1 and 3, the price will move in the opposite direction towards the target line formed by the extension of points 2 and 4.

Elliott Waves High Volatility has detected an Isolated Low at 1.35one bar ago ; this is usually a bullish sign that is not to be used alone!

The present wave patterns are:

fast amplitude (8%): bullish wave 1

moderate amplitude (13%): bullish wave 3

Euro Dollar / US Dollar is long term Bullish as the 144 days moving average of 1.33 is increasing. The Relative Strength Index is at 68.33 in the neutral territory. The Relative Momentum Index is at 73.54 in the overbought territory. An important indicator for Elliott waves, the Elliott oscillator is at 0.04, in positive territory; this is a bullish sign. An equally important indicator, the STORSI is at 98.11. This value is in the overbought territory.

 

*** Intra-Daily Trading Strategy: BUYBritish Pound / US Dollar

Buy Target: 1.6120

Buy Stop: 1.6028

Enter New BUY on OPEN and exit BUY positions at Target price or at Stop price.

(NOTE: Adjust Stop Loss Price according to your trading risk.)

Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING only!!!!!

A black body has formed as prices closed lower than open.

The previous 10 candlestick bars, there are 4 white candles versus 6 black candles with a net of 2 black candles.

The previous 50 candlestick bars, there are 28 white candles versus 22 black candles with a net of 6 white candles.

Three black candles has formed during the last three bars. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.

MACD is BEARISH as the MACD is below the signal line. The MACD crossedbelow the signal line 1 period(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar's price has decreased 0.39%, and has been fluctuating from a high of 1.621 to a low of 1.607.

Stochastic was a Buy 8 Period(s) Ago.

SAR signal was a Buy 8 period(s) Ago.

The close is currently

ABOVE its 200 daily moving average

ABOVE its 50 daily moving average

BELOW its 20 daily moving average

The current market condition for British Pound / US Dollar is Bullish

British Pound / US Dollar closed above the lower Bollinger Band by 46.0%. Bollinger Bands are 32.38% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

Overall, the bias in prices is: Upwards.

Short term: Prices are stalling.

Intermediate term: Prices are ranging.

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