Freeze Tag Inc (FRZT)

[Imperial Whazoo]

Well said

I want to point out that this AM, the pro traders who make their nickle off of this category of stock took it PRECISELY down.

I got "lucky" a few years ago and got focused on the usage of Fib lines (.382, .618, and so forth) retraces by pro traders worldwide. And all I want people to notice about what happened this AM is that you can draw a Fib splay starting at the low on 11/12 and capping out on the high of the 14th, and the pullback this AM penetrated but failed to hold...

Wait for it.....

Wait for it.....

The pullback was aimed right at the 618 retrace of the above Fib layout (12th low to 14th high).

Talk about the pro trading desks leaving their fingerprints all over this morning's action,, LOL.

I conclude when I see that kind of precision is that:

A.) Somebody is using Fib lines on the recent move's range to govern their buy points

B.) Somebody (proly the same somebody as is found doing "A", above), vwants to spook the less experienced into perceiving that there is no reason to hold onto shares...

IE, somebody wants shares and is using the trade points defined by the Fib layout to "spook" the less experienced into letting them obtain shares at a price that is cheaper that they could have obtained them yesterday and the day before, when we were in the midst of a move.

I used to watch myself panic when today's type of spook-move happened, letting myself get stampeeded regularly and I all too often traded out at the lowest point, LOL.

Then I "found" the Fib line thingy and it gave me a solid reason to hold on to a little stock when the professionals did something like they did this AM.

Just my experience wading ito the blog thread hre. Hope it helps.

Imperial Whazoo