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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 (56575)	10/31/2006 11:44:58 AM
From: micdundee2	Respond to of 59879

AVNR whacked today

To: TATRADER who wrote (56575)	10/31/2006 12:17:10 PM
From: lexi2004	Respond to of 59879

LMRA..didn't realize you got back in. Know you posted you wanted it around 5ish. I did an intraday fib and this stock is darn strong. Added some additional shares at 7.66 which was the 23%fib area and also a pivot. Lexi

To: TATRADER who wrote (56575)	10/31/2006 12:56:59 PM
From: lexi2004	Respond to of 59879

LMRA...did some fibs on it, taking the low of 1.45 and the high of 8.44. After the stock passes the previous high of 8.44, here are the fibs: 1.272 = 10.34 1.618 = 12.76 Thought this was interesting to note. I did an intraday fib using the LOD yesterday and the high around 11:30 just using the fib tool that comes with Quote Tracker. From that I got the 23% fib of around 7.66. Interestingly enough, the stock dropped to 7.65 and then bounced. Using the longer term fibs of 1.45 and 8.44 rallying from the retrace, .887 fib is 7.65. So what we have is a longer term fib level and an intraday fib level hitting the same area. As I'm sure you already know, any kind of indicator be it moving average, pivot, fib, etc. that hits the same area several times gives more significance to that level. As I said earlier, that level was also an intraday pivot before I figured it to be the intra fib level too.:) Really fascinating..... Lexi

To: TATRADER who wrote (56575)	10/31/2006 3:23:09 PM
From: lexi2004	Read Replies (2) \| Respond to of 59879

LMRA...since my entry wasn't as good as yours and I don't have as much cushion in the play, decided to do a DT on it. Did the fibs and sold at the 1.27% = 8.55. It hit 8.57 and then pulled back, but now looks ready to go again. I'd considered waiting for the 1.618 fib which I think is doable, but decided to just lock in profit and be happy with what I got. Ended up being around 1.20 a share. BTW, the 1.618 intraday fib is 9.19. Earlier I had a sell in for 8.99, but then decided to just be happy with the 1.20 per share. I'll be trading this one again.:) Good luck, Lexi