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Stocks Advance Amid Hope For Automaker Rescue

Stocks advance on hopes for automaker rescue as Treasury says it will support DetroitWall Street put on another impressive show of resilience Friday, rebounding from an early sell-off to end higher after the government said it would assist troubled U.S. automakers.The market, which just a week earlier withstood a terrible November employment report, managed its advance after the Treasury Department... [read more]

ForexGen | Post of The Day: EUR/CHF

Power Course Instructor’s Response:Yes. That is the way that the Fibonacci tool would be used in a downtrend. Keep in mind, however, that price can retrace beyond the 50.0% level. Wait until at least two wicks break above the 50% level before making the determination to take a short position. A stop can be placed a bit above the highest wick in the formation.Also, for the most accurate... [read more]


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