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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less.....
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To: TATRADER who wrote (58498)4/26/2007 6:59:36 PM
From: lexi2004  Read Replies (1) of 59879
 
If anyone is interested in getting into DSTI this might be helpful. I have a super book on fibs and the author says to do these multiple fibs and where you see clusters of them that area is more significant. I did this chart with fibs for each of the 3 moves up. If you notice, there are three fib lines close together between approximately 3.62 and 3.75. There are also other points of S/R there. I think the stock could very well be pulled to that area. It has already pierced the 50% fib of this move, but it often retraces more than that.
Lexi

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