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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 (59190)10/19/2007 11:36:50 AM
From: lindalib  Read Replies (1) | Respond to of 59879
 
THLD doing nicely today, considering the overall market...at least it's in the green!



To: Findit who wrote (59190)10/24/2007 9:15:01 PM
From: lexi2004  Read Replies (2) | Respond to of 59879
 
THLD..Jim, made this a very basic chart so you can clearly see candles and fib lines. The last candle shows indecision. You can tell that for there is a wick on top and a tail on the bottom and the body is very small. When the top has a big wick that means sellers came in, when the tail is long, it means buyers came in. To get the fibs, I did the last significant move up. It was that move from .65 to 1.14. If the stock pulled back from that high of 1.14 and passed the .65, which it has - it is said to have retraced more than 100%. Retracement fibs I use are 1.272 and 1.618. It doesn't mean the stock has to go to either, but at least it will give you an idea where the stock could go if it goes down further. I'm sure you know with bios and pharms they can turn on a dime and ramp. Just in case, here are the next fibs down.

1.272 = .516

1.618 = .347

You can see on the chart the fib levels as it moves up and that is what we want it to do. :)

Lexi