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Answering a Question About Retracements

The other day I posted a chart and as part of the discussion I mentioned that the market had moved up to the 38% retracement level (and drew the lines on the chart to show you).

Someone emailed me a question about how retracements work so I thought I’d share this video on them. The first minute is a commercial for a website. but then it goes into a detailed explanation of what they are and how they work:

http://broadcast.ino.com/education/best_market_secret/?campaignid=3

Mark