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: micdundee2 who wrote (52515)	12/29/2005 4:18:34 PM
From: TATRADER	Read Replies (1) of 59879

I took my $200.00 home on MDII today, since I had to follow the bull popper discipline...Here goes: 1.High of MDII was 1.27 2.Move originated at .71 Subtract the difference and you get .56 cents...Multiply .56 times 66% and you get a .36 cent pullback...Subtract .36 cents from 1.27 and you get bounce buy area at .91 cents...That is where I bought.... Now wasn't that call amazing...No just technical trading... Now subtract .90 cents from 1.27 and you get .37 cents...Multiply .37 cents x25% and you get a bounce move of 9 cents...That means a conservative topside target is .99 cents....On low float stocks the bounce can be as high at 40%... I exited because momentum stalled and did not reach the target.... My New Year's Resolution is to take singles every day, and let the homeruns come when they come... Mark

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