EBHI

EBHI --

While this proves Fibonacci does not predict direction, it does show how you can use it to predict targets on the downside.

I find it helpful, as in the ALD trade in an earlier post, to measure red bars/candles, and to see where uncharted terrority is.

That drop on 6/9 measures to .06. The drop on 6/11 measures to .14. The drop on 6/17 measures to .08. If EBHI continues below .14, watch for support around this area (.06-.08)

Monday Watchlist

UCBH

CNB

EBHI

RF

DPTR

ENMD

SUF
HAYZ
FMD - reversal

EARNINGS WATCHES
ALD
EMKR
PMI

RF target with Fibonacci pt II

RF hit my target with perfection. I was quite impressed as my last 5 overshot by .03 or so.  

Before

After

..just chance or is there order to this chaos?

Watchlist 5/4

Short term, I'm going to focus on stocks I'm familiar with that have an earnings release this week. Watch out for MGM/S/EGLE/CSCO to run hard if earnings beat expectations. 

The others are coming later this week but I feel I know them fairly well from previous trades.

Earnings: 

S

MGM

LVS

CSCO

DTG - auto rental

EGLE

THQ - game designer

RMIX - concrete

May 6th+

ACAS

CROX

DAN - auto supplier

FCH

JSDA

LXP - realty

NVDA

KOG - oil

May 7th

NVTL - wireless

LEE -  newspaper?

MIC 

SIRI

VG

XOMA

KFN

MAY8th

ABR

BZH

MCGC

SRZ

Other:
ALD -- watch for more to 3.52, and short at will

COT - huge runner. probably follow through

CENX, PCX -- commodity plays. recently broke out. go get em

watches

SWIR

BARE

ALD

OREX

HGSI