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Strategies & Market Trends : Stocks with 'Dead Cat Bounce' potential

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To: bumblin bob who wrote (96)7/23/2008 7:05:16 PM
From: lexi2004  Read Replies (2) of 130
 
TGC...Was going to post a chart for you; however, had trouble doing so. Wanted to show you the fib lines for TGC. Instead, I'll post the fibs I got using my calculator and the low of this year and the high of this year. .44 - 3.77......

50% 2.11

62% 1.71

79% 1.15

What was the LOD today? <g> Yep, 1.71. I'd say that was a very good place to buy some. Granted energy has been hit big time, but all it takes is one strong hurricane to hit something in the Gulf or global problems somewhere that might affect oil and we'll be off to the races.

Lexi
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