I thought I would post this chart really quick.  It is not a complete analysis, but rather some interesting facts.  I thought the confluence of the fibs was interesting. Though I didn’t show it, it coincides with some previous support that was bound to become resistance.  Anyway, I took this trade long and quickly got out after I noticed price was hovering and didn’t bounce long off of the 6213 level after the retrace.  As of this moment it seems to have been the right choice.  I was only looking for a 10-15 pip move, so my stop was tight
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News headlines and stories I'm reading March 01, 2011
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