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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 (58001)	3/14/2007 11:28:56 AM
From: lexi2004	Read Replies (1) \| Respond to of 59879

Bob...I put in 2.77 and 8.57: Ratios Price 42.50 27.42 17.95 14.27 13.89 13.21 8.57 7.12 6.35 5.67 5.55 4.99 4.22 2.77 It didn't copy the % on the cut and paste, but if you put the numbers in, you'll see for yourself. Now lots of things retrace 50%, that's a rule of thumb. That doesn't always happen with strong stocks on super news. However, this stock has gone vertical and what goes up at that angle often comes down fast. There's all different ways to fib: You can do them going back and finding the lowest low and then the highest high to follow. You can take the low of the previous day and the high of the current day. You can fib the run itself which for this last blast would probably be 3-8.57. If you are looking for a retrace of the 2.77 to 8.57 for 50% it would be 5.67. Now, going forward from the present high. If the candlesticks are sort of normal size, you often hit the 127% fib level; however, if they are those long white candles that have taken place, you often go to the 1.618. What I'm sharing with you is a result of reading lots of things on fibs. Different people do them different ways. What I like to do is take my fib tool at Prophet and put in a variety of fibs...meaning ST, LT, individual runs, etc. Then you look for "fib clusters"...meaning areas that the lines seem to hit more than once. When that happens, you often know that a stock will be like a magnet to those areas. Made two good trades on DSTI in last two days. Had my certain profit in mind and sold premarket for lower than the current LOD in regular market hours. So I'm missing out on this larger run. However, after having traded DSTI a lot, I know it can drop like a rock and when it gets to be a certain area I just wait and don't enter and that's where it is now. Of course it could keep going over the next days to 6, but IMHO I think it's ready to pull back some. We'll see. Lexi