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The higher timeframe trends are all down..
Let's watch for a daily-chart rally, then pick a Fib
sell point... It's way oversold on the detrend oscillator
and supporting at weekly confluence right now.. Needs
to break through this if it is to get to the XOP on the
monthly chart..
Anyone else see anything here? Post a follow-up if
the chart warrants in the future...
-Neal.
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DiNapoli Fibonacci techniques -
http://www.fibtrader.com
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