TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... Message Board

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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less.....

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To: YxY who wrote (19923)	1/10/2001 7:34:28 AM
From: TATRADER	Read Replies (1) of 59879

Y, did just a quick look at OAKT, my target would have been 8.81....I take the beginning of the drop at 18.00, and then find the low which was 5.75..Subtract the difference=12.25, and then multiply by 25%, sometimes these dead horses retrace 40%...But when I play them, I go with 25% to be safe rather than sorry...So 25% of 12.25 is 3.06, add 3.06 to 5.75 for target of 8.81....Looks like it already made its primary retracement pop to 9.46, so I would have been off by about 50 cents in my calculations..On the secondary bounce, they are usually pretty tepid, possibly getting back to the neckline in the 9.00 area....

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