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intraday thoughts via email to a traders' list site on April 5th...see the last comment below -
Apr 5, 2007 12:21 PM
subject DNDN
Friday's 3/30/07 long entry near $12 area was based on a 50% retrace of the approx $14 move from the prior day's high to the premkt high on 3/30
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...the closing price history of recent days filters out the noise for trade management since the $12 area entry last Friday:
$12.93 last Fri close
14.30 Monday close
14.65 Tue
15.08 Wed
? Thur/today ..today's high so far has tested the $18.05 regular session high from 3/30
one possible marker for the health of a potential further advance in future days is whether the 15.80 to 16.30 holds, based on looking at today's action and the action on Friday 3/30...of course, risk remains to $12, and to $5-6 area.
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add'l horizontal zones are shown here -
http://www.websiteto...post?id=1814143
Edited by hiker, 17 April 2007 - 02:20 PM.
