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Friday, September 16, 2005

AXP - 091605

1.) What did I see?
A gap up and over the 34MA. The second, third, and fourth bars form a "wedge" with higher bottoms and a flat top, with a narrowing range.
2.) What is the entry?
A break of the fourth bar high.
3.) What is the exit?
The Fibonacci extension of the previous day's low to the opening range high.

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