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Strategies & Market Trends : Lizard King's Trading Swamp
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To: TATRADER who wrote (3110)12/2/1997 11:23:00 AM
From: Marlin C. Harmon  Read Replies (1) of 7396
 
Mark,

Your original prediction of sell off too 32 for AGPH was right on (sorry, I don't remember the number of your post). Can we use a retracement strategy with AGPH's sell off to 32 from 40? This is truly one large gap from apparently bad news. There should be some back filling but I don't think the back filling will bring it up past 50% of the sell off gap because of the nature of the news. Any thoughts?

Thanks,

Marlin
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