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Wednesday, March 01, 2006

Beyond the Fibonacci extension

How many times have we discussed that when a stock sets-up above (or below) the Fibonacci extension, there is a high probability of a continued move in that direction?

Both JNPR and TXN were textbook examples today.

JNPR - 030106; 15-minute chart

TXN - 030106; 15-minute chart

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