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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less.....

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To: TATRADER who started this subject12/3/2002 4:22:24 PM
From: dabonenose   of 59879
 
The DOW, SPX and Nazzy are all sitting on their 13 day avg.

If they break below that line I see them all retracing considerably lower.

They are also over bought by stochastics and have been for awhile.

RSI and stochs are falling.

I think shorting and a play on gold is reasonable now.

If shorting try to find a stock that crosses the 7 down the 13, then short on a retest of the 13 day. Make sure you get some volume on the down leg if possible.

Basically, the reverse of buying the bull.

When the xau cross up the 7/13 I will jump in.

All IMHO

Dab
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