Posted by: DUKE1 December 26, 2006
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Although some retracement is taking place; long term trend is intact. I am long at 1.9552 with stop 19.24. target 1.9650
Fib 38.2 is farway down to 93.29 but is reachable.
Looking good so far; strategy Buy on the dips!
Tight stop is neccessary as retracement levels are nearing.
N.B the bottom trend line is slightly off!
Risks see RSI