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

To: bumblin bob who wrote (57696)	2/26/2007 2:42:23 PM
From: lexi2004	Respond to of 59879

Bob...You're welcome. Also remember that stocks often have a "counter trend" during the day. For example, OPBL moved up in the morning and reached the HOD at around 11. Then it moved down. Use the HOD of today and the LOD of the previous trading day and see what fib you get. It's not uncommon for stocks to fib 50%. They can even do the 62%, but once they go beyond it that usually signals that the stock is not going to make another HOD that day. Fibonacci Calculator High: $9.10 Low: $7.25 Retracement BUYING SELLING 23.6% $8.66 $7.69 38.2% $8.39 $7.96 50.0% $8.18 $8.18 61.8% $7.96 $8.39 78.6% $7.65 $8.70 fibonacci-retracements.com It retraced to 8.25, which wasn't quite 50% ...Now it's 8.40 so it bounced off that midday low. Lexi