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Pastimes : The Big Tex House of Coin

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To: Jeff who wrote (16756)1/17/2001 9:27:47 PM
From: Jeff  Read Replies (1) of 19297
 
remember.......take the point from were the run started to its highest point before falling......

NEOF.....ran from .88 to 1.62.......

askresearch.com

.88 to 1.62.....difference is .74.......

1/2 of 74 is .37......

1.62 - .37 = 1.25.....first target......

but on most stocks coming from a steady base.....that first run normally hits the 62 retrace......

difference of .74 ....

.74 x .62 = .46......

1.62 - .46 = 1.16.......

the price actually fell to 1.12 before it ran.....so again...the .62 was more accurate......

ETYS.....ran from .20 to 1.00

difference is .80

1/2 of 80 is 40......1.00 - .40 = .60......close right

but......

.80 x .62 = 49.6.....1.00 - 49.6 = .50

ETYS low today.... .50......

askresearch.com

anyway.....you get the picture........

just find stocks that run.....when they stop.....do the math.....

then you have a potential target to shoot at.....roll
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