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Monday, February 27, 2006

AMLN - 022706; 15-minute chart

1.) What did I see?
A gap up and wide-range, strong first bar. The second bar is "hammer-like", and closes strong just above the opening range high.
2.) What is the entry?
A break of the second bar high.
3.) What is the exit?
The target was the Fibonacci extension of the previous day's low to the opening range high; it was hit three bars later.

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