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: hotlinktuna who wrote (58192)	4/3/2007 6:25:05 PM
From: lexi2004	Read Replies (1) of 59879

Have been busy today so many posts haven't been able to answer. Did look at your CPNE and wowsa...nice bounce.:) Tuna, do you use a fib tool? I'm a golden member at Prophet for I can't use Real Tick with my system and Prophet has a fib tool. IMHO it's super. Shows you how effective fibs are on your CPNE. First I did a longer term fib from .16 to 3.48. Next did a ST fib of the last move up .97 - 3.48. Today the HOD hit the 38% fib of the retrace of .97 to 3.48 and bounced off. Then it ended the day against the 50% fib of the .16 - 3.48 move. There are 2 fib lines at approximately 2.20, so since you have two lines close together, that could possibly mean some R. We'll see.:) Lexi

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