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Monday, October 03, 2005

SWN - 100305

1.) What did I see?
A gap up, and strong first three bars. The fourth bar was a narrow range bar at the top of the morning range.
2.) What is the entry?
A break of the fourth bar high.
3.) What is the exit?
1/2 closed after $1 gain, the other 1/2 closed at the Fibonacci extension of the previous day's low to the opening range high.

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