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

To: lexi2004 who wrote (54276)	3/31/2006 4:31:55 PM
From: elmstreet	Read Replies (2) \| Respond to of 59879

NGEN - I bought some too. I'd like to know what fibs, retracements, etc. mean and where I can find out what the numbers mean. Is there a good book? I can only assume that the figures you used mean good news!! Thanks. Elm

To: lexi2004 who wrote (54276)	4/1/2006 11:16:48 AM
From: TATRADER	Read Replies (1) \| Respond to of 59879

Lexi, thanks for the fib info...I have recorded all your helpful info on retracements utilizing fibs, and next time I have a chance on a hot stock, let me give the retracement areas to see if they match with your analysis... Anyway, Here is what I see in NGEN... I see a pennant formation. The height of the pole is 70 cents..I am looking at former takeoff area as 2.70 and peak at 3.40... The pullback area is to 3.00 area...That means the next breakout spike should be to 3.70, close to the first fib estimate you gave last week at 3.63... As I look at an earlier spike from 2.30 to 3.10, we observe an 80 cent spike and 40 cent pullback... On two prior occasions, history tells us that this stock likes to pop .70-.80 cents, and then pullback 40 cents... My bet is that history will repeat itself again, I am giving this stock 5 more days to repeat history a 3rd time...If I am wrong by next Friday close, I will take my lumps and move on... Have a good weekend and let us know what you are looking at for next week... Mark