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Tuesday, October 11, 2005

HELE - 101105

1.) What did I see?
A gap down but the first two bars strong. The third-sixth bars formed a pullback, with the sixth bar a narrow range and somewhat bullish as it could not push lower into the previous bar's real body.
2.) What is the entry?
A break of the sixth bar high.
3.) What is the exit?
On set-ups moving higher off a gap down, my target is the retracement zone of the previous day's high to the opening range low. HELE hit that target two bars after the entry.

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