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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?

To: TATRADER who wrote (10527)	7/29/1999 12:30:00 AM
From: Mike Sawyer	Read Replies (1) \| Respond to of 59879

Hey Mark! Gotta agree with your assessment on TIE. I pulled a chart and laid out Fibo levels from former peak of 38 1/4 to bottom of 5 5/8 and it gave Fibo lines at 18 1/8, 22 and 25 7/8. I also pulled a set of Fibos using the recent bottom and last peak at 13 to get another set of Fibonacci lines that gave us our double bottom support target. Interestingly enough it also gave the breakout Fibo level of 17.83. I'd have to conclude that there is a very high probability that TIE will see 18 very soon. Here's the chart that I drew with ensign software... members.tripod.com