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Assuming the attached chart of DUK represented a Bread and Butter setup, how
would this one have been handled? Does the turn after the thrust resemble a
RRT too much? Even that variety is expected to garner a .382 retracement,
as I recall. The third bar after the 3x3 cross sure looks like an indicator
that the turn back was to be expected. Once the high of that bar was taken
out, how would one manage this trade?
Kevin
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Attachment:
Description: "DUK D.gif"
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