TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... Message Board

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

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To: TATRADER who wrote (8966)	5/20/1999 12:33:00 PM
From: shasta23	of 59879

HI MARK! Thanks for answer on UNFY pattern. It's these simple things like to determine the most likely borders of a pattern(with or without spike, what is more likely) or the amount of a pullback or counterrally in a downtrend(will it go to the bottom of the resistance or will it test the last high) that are still occupying me. reg. XOMA. I find these spike very difficult to play. I know you're da master of da popper. Looks like a candidate for a second spike later to me. Couldn't surpass yesterdays high today despite good volume which makes me think that distribution is going on right now. Like i said...i don't play these things but if then i would wait for a pullback to 4.25. The stock rallied from 3 to 5.5. 50% pullback would be reach exactly support at 4.25. Or if you determine the pattern more conservatively using the close yesterday then the entry point would be closer to 4. That's what i would do... HOW WAS THAT? Thanks Mark! Stefan

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