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Tuesday, February 12, 2013 7:54:48 AM
In case you did not know, many things in nature are explained by Fibonocci ratios. From everything such as how a tree grows branches to the ratios of your belly button to the floor, are fibonocci ratios. Stocks tend to follow these ratios, also.
For MJNA, the key ratio is 61.8% which was breached yesterday. The next ratio is 78.6% and is more of a "roost" for the nite, with the big one at 100%, or the recent .50 high.
These signs are bullish, unless the stock retreats this morning below .40
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