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youngst3r1

10/24/12 10:58 AM

#31669 RE: By Techguess #31668

bouncing between 50% and 38.2% till then... I wonder if fib timezones are accurate predictors of strength of a particular trend.
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gripzool

10/24/12 7:47 PM

#31680 RE: By Techguess #31668

Not necessarily so.
Imagine a stock tethering on the edge off the stock markets. Where the buying power of a measly $ 500.000 could act as a bid and ask supplier. Did it before with MT ((now $15) surprised no one (or should I say nobody?) ever came up with that idea?

It is generally speaking never wise to do micro management as seen in several stock trading classes on (sub) penny stocks where one has invested in for fundamental reasons. (meaning a 50 bagger)