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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 (59298)	3/15/2008 1:19:17 PM
From: lexi2004	Respond to of 59879

Jim...Thanks so much. Still not back in LMRA but like to hear what's going on for I will get in sometime. Here's a very basic chart on it. I made it so fibs are clearly seen. I did two fibs, the first of that big run it had back in '06 and also a fib of the low to the high in '08. I also drew a TL to give you an idea of a potential target which looks to be around 3.45 or so and then there are fibs in the general area of 3.24/3.35. When you use a fib tool these numbers aren't always exact, so I'd say look for a target anywhere from 3.20 - 3.50. On the downside, if I wanted to add more there are two fibs that should give some support from 1.44 - 1.59 general area. While it is obvious LMRA still has its nice significant bounces, it is still in a downtrend overall. I'd love to see it break that trend, but until then playing it for bounces can be profitable.