How do you do the percentage thing? Do you have a program that does it for you? I have to do that manually.
That my friend is what they call Fibonacci retracement lines. You should do a google search or go to stockcharts.com and read up everything you can about it. Look up the magic number too, 1.618. The number 1.618 is the key to any stockchart and calculating where a price will go next. Once you learn about Fibonacci and 1.618 then your trading will reach new heights. Just go to the top of the chart of the annotate section and there is a Fibonacci button.
LOL. I know what it is, I've already read a book about it. I do it manually with calculators, but this should save sometime. Thanks for the info, i'm going to give it a try.
This stock is going to punch through the resistance like a cop through a donut. Yea, it's that good. :|
For some reason, Cramer has this influence over NYX like nothing else. We can all talk about fundamentals, exchange mergers, etc. but NYX is no longer about any of that. All its about is if Cramer mentions it on the show. Thats it. I could be wrong, but this stock looks like its going to punch right through 100. Im comparing the voluyme to yesterday and the block purchases just keep pouring out.