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Post# of 185857
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creppie

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creppie

Re: Lieutenant post# 987

Friday, 02/02/2007 1:50:15 AM

Friday, February 02, 2007 1:50:15 AM

Post# of 185857
Well, the 50% mark would have been .10 to play any kind of bounce. Looks like it tried to hold the 50% retrace mark for almost the first hour of trading. But, it then broke through with only a pop to .11.

Check out the 50% rule here:
http://www.esignalcentral.com/exchange/05_2006/third_party_spotlight.asp

It basically says that a run will continue as long as trading on the stock doesn't trade below 50% of the previous day's trading range.

* I'm always learning about these lines, indicators, fibbies, hammers, and tops. So, if you know something I don't, by all means correct me when I'm wrong. Thanks.

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