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


To: Findit who wrote (57801)3/1/2007 12:42:52 PM
From: BarbaraT  Read Replies (2) | Respond to of 59879
 
I can't find any news on CRDM .. can you?



To: Findit who wrote (57801)3/1/2007 12:49:04 PM
From: lexi2004  Read Replies (1) | Respond to of 59879
 
CRDM...Wish I was with you.:) .249 was a previous high..so you might get some R there if it goes to there this run. Glad you are doing so well with it. Know nothing about the stock, so if there's good news, etc. who knows how high it will go.

Using a 2 year chart and taking the low of .021 and the high of .249 here are the fibs:

fibonacci-retracements.com

Fibonacci Calculator

High: $0.25 Low: $0.02

Retracement BUYING SELLING
61.8% $0.11 $0.16
78.6% $0.07 $0.20
100.0% $0.02 $0.25
161.8% N/A $0.39
200.0% N/A $0.48
261.8% N/A $0.62
424.0% N/A $0.99

So they're going up: .20, .25, .39...etc.

Lexi



To: Findit who wrote (57801)3/1/2007 12:57:32 PM
From: lexi2004  Respond to of 59879
 
Regarding CRDM...wanted to add this:

I read somewhere while studying fibs that if a stock is going up in a somewhat "normal" fashion that if it passes the previous high, look for the 1.27 as the target. However, if the run is characterized by long candles, then look to the 1.618 target as a potential place to sell.

That calculator didn't have the 1.27% so here it is - .31.

Again, if it goes to the 1.618 which is a very common fib expectation, it will be the .39.

Of course don't get locked into fibs for they are a guideline and don't always hit, also look for R and S places and moving averages to help you.

Lexi