my goodness, who is this fellow Fibonacci, and why haven't i listened to him? after OCLG hit .0085 Fib said .0071, .0062, .00055. he said nothing is quite exact, but those are the places where you want to sit in on the game. safe was .0062. he was right. nice call.
so i asked him what was up. he said if it had continued to run instead of coming back it would have gone to.0123. but anything that goes up an elevator has only air below it. the stairwell is the sounder way to go. bring the floor up with you. then go back and hammer the support down. stocks that can do that are the ones that have the stamina to stay in the game.
so now that there's a new floor -- i believe we are fully done with the .005s and low to mid .006s. and the .007s are (if available) a steal. we'll prolly churn .008s too, but first asked Fib what he thought would happen now.
he said the pullback to .0054 was a perfect 50-50 play. of course, it doesn't always work out that way, but now the place to watch for possible pit stops are .0092 -- closed at .0094. nice call! -- .0115, .0138, 1.53, 1.76, 2.14. the last points seem to me to be news dependent. and i think the bid break over .01 is too close to .0115. so i'm guessing that on the breakout tomorrow or Thursday, this goes to somewhere around .014-.015. and then pulls back.
let's see how good Fib really is!
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