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Tuesday, December 20, 2005

FXEN - 122005; 15-minute chart

I had FXEN on my list for a short this morning, but could not get any shares.

However, it is still a good chart to study; it was a beautiful set-up. Take a look at the 15-minute chart, on a break of the third bar. And, answer the three questions. It would have yielded 8% if you closed it at the Fibonacci extension. Let's see if it bounces here.

More later after the market closes.


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