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Wednesday, October 26, 2005

PFCB - 102605; 15-minute chart




I mentioned earlier that I would discuss 15-minute charts and timeframes in general later this week. Here is a trade from today (15-minute chart) that is similar to yesterday's trade (30-minute chart). I will let you answer the questions, as they should be obvious by now.

Bottom line - a chart is a chart is a chart, regardless of the timeframe.

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