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Wednesday, April 23, 2014 1:42:11 PM
This is his exact quote on page 65 of his latest book The art of timing the trade. Quote: "If a .618 Fib level is substantially broken on a retracement, the stock will have a tendencyto retrace 100% of the last move. A stock that retraces 100% and reverses will not breach the top of the last move up in the short-term or price move that immediately.
Another words, if it does a 100% retracement, it will positively bounce, but will not break old high in the near-term. Anyone with this book can confirm on page 65.
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