The Microcap Kitchen: Stocks 5¢ to $5 Message Board

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Microcap & Penny Stocks : The Microcap Kitchen: Stocks 5¢ to $5

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To: lexi2004 who wrote (43380)	11/19/2005 11:06:04 AM
From: Catfish	Read Replies (1) of 120406

lexi, I have been using this for some time to calculate a potential reentry point once a stock has ran up and corrects downward. However, I usually use 5/8 (.625), but I use 1/2 as well. For instance the EMFP reentry points after the initial run-up were at .74 and at .66. On the first retrace, it hit .75 and turned. Then it came back down to the .66 area, and now it is up again.

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