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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 (11183)	9/19/1999 2:09:00 AM
From: Mike Sawyer	Respond to of 59879

Mark, I have some comments about ACRI and would like to get your thoughts about how I arrived at them. I don't know one quarter of what you know and would value your opinion while also creating healthy conversation. My thoughts are...It wasn't that your target was not hit...it's just that you did not use exact numbers but rounded them off, I think. When I used exact numbers to draw the Fibo lines and get a breakout target I hit the nail on the head. Look at this chart I made using Ensign and eSignal... members.tripod.com Notice the new set of Fibos on the right side. Using the low from the last support area and the new peak we get retracement Fibo lines. I have found that the stronger the stock is the less it will retrace. If it bases on the upper or middle Fibo lines then the stock has a better chance of testing the new high and breaking out again. Then we get to move to a whole new set of Fibo numbers. members.tripod.com Other charts... members.tripod.com members.tripod.com PS - If anybody is interested in the software that was used for these charts, it is Ensign Software with RT eSignal data. You can find out more by calling Jeff Crystal at 800-287-9517. He is a buddy that works at DBC in sales and is also a technical trader. Tell him that TATrader Mark sent you. That way you and Mark will each get a spiff. I'm not exaggerating when I say that eSignal and Ensign make the best trading software package I have ever seen.