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Old 01-24-2007, 12:02 PM
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Re: Fibonacci Pullback Strategies

50% is the most important IMO. I used to use other areas, but it's not as reliable as this lelve.

I assume you know how to draw the top and bottom to make the levels. Go back and look, you'll be surprised how often it's stopped there. If it fails, then the trend is over and time to reverse positions.

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