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Re: kelseyf post# 5322

Thursday, 02/22/2007 2:38:31 PM

Thursday, February 22, 2007 2:38:31 PM

Post# of 51429
Looks like you have spotted regressive increasing returns on each leg up.

80% => 57% => 41%

Therefore,

Churning .38 - .405 => churning .60 -.63

Which happens to be the next psychological resistance I identified on Tuesday.


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