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Monday, November 21, 2005

CBH - 112105; 15-minute chart





1.) What did I see?
A gap down and strong, wide range first bar. The second bar is a narrow range, inside bar that forms a nice hammer.
2.) What is the entry?
A break of the second bar high.
3.) What is the exit?
The 34MA, and the retracement zone from the previous day's high to the opening range low. The target was hit just after 12:00.

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