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To: Doren who wrote (731)	6/1/2012 11:38:37 PM
From: Wayners	Respond to of 3790

Yeah, you need a graphic to see it. The important thing is to get the .382 and .618 levels to align with important levels in the recent trading. It's good to have a trading range of some sort at the beginning of an IPO to align the levels with. the $27 level gave a good pop, but let's say that's all it was, a wave to Fib onto a lower low and in this market there is a tremendous amount of pressure on all stocks. Here is a pic trying another angle on a more important weekly chart. See how I try to align it so that fib levels align with important levels in the solid bodies? The target is a 100% retrace to the "ghost" low. If FB does break to a new low, next target could be around $24.