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Saturday, April 01, 2006

TROW - 033106; 15-minute chart

A reader posted this trade in the comments section Friday. The first bar was a wide-range bar that rallied off it's low and left a long lower tail (bullish). The second bar was narrow-range, closed above the opening range high, and closed strong at it's high. It rallied to the Fibonacci extension of the previous day's low to the opening range high.

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