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Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?

To: bumblin bob who wrote (166347)	10/10/2007 6:24:43 PM
From: lexi2004	Read Replies (1) \| Respond to of 208838

Bob, Don't ever worry about not answering me. It's no problem believe me. I'm the same. I can't answer each post to me and if I do, I can't watch my stocks. So do what you have to do and don't worry; we all understand. I posted this on TAtraders BB and for anyone who doesn't read the board, I thought I'd share his method here with an example for ALTI that some of us traded today. Now he hasn't responded yet, so if anyone is interested, they'll have to read his BB when he responds. ========================================= To: TATRADER who wrote (59175) 10/10/2007 6:18:09 PM From: lexi2004 of 59180 Mark, Using what I got from the top of this site, it seems that ALTI aready hit very close to the target if what I'm doing is right. ====================================== 1.Bull Popper- a gizzard that has spiked upward with 3-10 million shares traded, and now is in pullback phase...The gizzard trade calculates how far the stock will pull back before rebounding...The bounce is the popper..... A. The stock moves up over a course of one-three days, 40% or more from its closing price on the day before the move.... B. The stock has to make its breakout during the trading day, not a gap up. **********there appears to be a gap up, but this still seems to be the reasoning if you said 4.15 for your entry..actually, using this I got 4.13*********** C. Once the stock reaches its high, remember that number.. ************5.45******** D. Now subtract the closing price(the day before the move) 3.45****** from the new high... ********5.45 - 3.45 = 2.00 Multiply that number by 66%.... ******2.00 X .66 = 1.32 Take that number and subtract it from the number of the new high. *5.45 - 1.32 = 4.13 ..This will give you the pullback area, and where to buy the stock for the bounce.. If today was the pullback, then 4.21 the 50% fib was the low* Now subtract the difference between the pullback area and the high, 5.45 - 4.21 = 1.24 multiply by 25%. 1.24 X .25 = .31 ..Take that number and add it to the pullback area, .31 + 4.21 = 4.52******** for the target on the bounce....Remember, once the momentum dies on the bounce, get out, even if it doesn't reach the target area... ALTI hit 4.50 after the pullback and went down more ending the day at 4.40. So I'm assuming that 4.50 met the criteria for the target even thought it wasn't exact. I had to leave, so I sold mine for .13 profit per share. Thanks for the pick. Lexi