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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less.....
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To: elmstreet who wrote (55007)4/28/2006 1:53:48 PM
From: lexi2004  Read Replies (1) of 59879
 
Elmstreet...Thanks, that was very nice.:)

IESV...looking at the chart of the last run from low on 4/04 to high on 4/18, you can see that it retraced more than 62% which isn't uncommon for something that has gone straight up. LOLLLLLL It now seems to be trading between the 62% and 50% fib levels. It's down today on lower volume. The way it has settled in this area and with the sector it is in, I'd say that a move up is near at hand. When it does, I'd expect it to take out that past high of .114 and next fib levels are:

1.272 = .134

1.618 = .159

Numbers use to calculate that are (.04 - .114).

Lexi
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