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Thanks nkhoi. I had a feeling you were going to be there for the rescue.:) Ares

Speculation on HOKU. Momentum Traders Most likely would jump in when HOKU makes a daily higher high (above 10.05) with a higher high volume (about 2,242,000). Swing traders May have taken a position already with yesterday's first day up with a stop just below the previous day's low...

HOKU 9.21 = PIVOT 9.19 = 1.618 of 5 minute opening range 8.94 8.69 8.44 8.19

Whoever took a long position in HOKU (a stock that is below $10) at the highlighted level (1.618 fibonacci level in the fibonacci table that I attached) must have taken some nice profits already. http://elitetrader.com/vb/showthread.php?s=&threadid=96481&perpage=6&pagenumber=11 If the...

Thanks for your comment TFJ, I agree with what you said. I don't expect the market to always hit the levels I wrote down. I just would like to increase the probabilities by looking for fibonacci confluences, RTL/LTL, etc. and combining them with indicators like MACD divergence and...

To Fibonacci experts reading this, Should I stick with the 5 minute opening range levels WITH the previous day's candle levels or should I re-adjust the levels by entering new intraday highs and lows? Here's QQQQ's 5 minute opening range that I have:

Is it a coincidence or are traders using fibonacci levels? Looks like QQQQ pulled back from the 1.382 retracement of 49.12 from the low. I'm curious which level it will retrace to if I enter a new number using High of 49.12 and low of 48.49.

It looks like QQQQ decided to retrace at 0.382.

Will the QQQQ pulback to 48.67 to produce an inverse head and shoulders in the 1 minute chart?

I'm currently watching the QQQQ. These are the current levels I'm watching: 48.55 47.73 46.89 45.02

HOKU probabilities:

HOKU chart: How steep does the angle of attack be before traders view it as inexpensive? Instead of taking a poll here at ET, I'll send out a poll for the market to vote on. :) The response would most likely be either traders going long or short:D

HOKU looks like it bounced near the 1.27 retracement of 8.65. Current low of day is 8.66. Will it reach the 9.14 target or create a new low towards the 1.618 at 8.20 first? I was referring to fibonnaci levels on excel that I attached on this journal.

These are links I would like to look more into with regards to pegging: Market manipulations http://elitetrader.com/vb/showthread.php?s=&postid=1099771&highlight=pegging#post1099771 Pegging through BRUT...

Strategy: Intraday Bottom Fishing a long term Uptrend What I have to keep in mind: TREND: Long term uptrend (above weekly or daily 8/50/200 ma) Daily pullback INDICATOR: Daily RSI(2) below 30 (my dominant downtrend channel) 5 minute chart for the smaller traverse confirmed by the 1...

Thanks nkhoi for your reply. Do you have a link for those rules? By the way, those charts do look colorful. It looks more like an inverse head and shoulders though. Both the bottom and top did have a bigger volume followed by a lower volume (in this case the bottom and top had lower...

HOKU. FTT (5 minute chart) at 9.32? Momentum low at 1 minute chart. or will this continue down to the 1.618 of the 5 minute opening range at 9.06?

1 share trade to trigger stops. If a $10 stock was down let's say $1 and is currently trading at $9, what repercussions does the SEC have for traders purposely buying let's say 10,000 shares at $9 and buying 1 share let's say at 10.25 to trigger the automatic stops of the shorts that are just...

HOKU chart

Correction: HOKU's weekly 8ma is 8.60