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[QUOTE]Originally posted by chuck9: [QB] Cisco, there will be two photos following. One is the chart with the four retracement lines inbeded into it, the other will be a retracement perimeter guidelines chart. Start at the bottom of the first photo were you see the blue line of the retracement. This will be the 1% line, use the chart photo as you work your way up. I had an era in the previous post of 38% retracement. It should have been 2% retracement= .38 cents. Answering the question how I pick. I have built a formula that looks at the premarket hours versus the previous day's low, high and close in percentage difference . Example: on this particular chart. The percentage difference in premarket hours was 26% lower than its previous days close. [IMG]http://i181.photobucket.com/albums/x243/charlesgarner9/cc--retracementlines.jpg[/IMG] [IMG]http://i181.photobucket.com/albums/x243/charlesgarner9/retracementchart.jpg[/IMG] Hope the above information helps. If you have any problems with the above information, feel free to give me a post until we can work it out. chuck [/QB][/QUOTE]
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