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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 (59175)	10/10/2007 11:42:58 AM
From: lexi2004	Respond to of 59879

Thanks for telling me; I've been looking for something.:) 4.21 is 50% fib. In addition, I'm in drop shoe EFJI..decent company that reported poor guidance and dropped big. They do wireless for defense and other things. Low float, no volume here, but you might want to watch it. Lexi

To: TATRADER who wrote (59175)	10/10/2007 12:20:45 PM
From: lexi2004	Respond to of 59879

ALTI didn't even realize it until after I wrote to you that the 4.21 - 50% fib was the LOD so far.:) I bought a partial at 4.27 just to get in and the next fib down is 3.80 and if it dips there I might add. I do see a TL at your 4.15. Lexi

To: TATRADER who wrote (59175)	10/10/2007 6:18:09 PM
From: lexi2004	Respond to of 59879

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