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Scoop from TraderWise

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Alpha Natural Resources (ANR) Shrugs off Strong Dollar Inverse Correlation - Breaks Out

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Some of the coal and steel names are trading in a parallel world right now... strong dollar be damned. Alpha Natural Resources (ANR), in parts of 2008 our largest position, has broken over the key level of $42.25ish and you can see the computers all recognizing the pattern and a feeding frenzy has ensued.

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