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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less.....
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To: TATRADER who wrote (9705)6/21/1999 9:06:00 PM
From: Mihai Valcu  Read Replies (1) of 59879
 
Hi Mark,

I have a question regarding the 1234 pattern, if you have time.
Let's assume that all the conditions are met for a 123 (buy) and then
on the 4th day it doesn't behave as it should but it makes a lower low. Now, the last 3 days would form a new 123 (in Larry Connors' book it doesn't say anything about this situation). Is this a valid pattern
assuming that next day '4' happens ?
I encountered this situation and applied it successfully to CREE & SEBL (7-8 points in 3-4 days).

Thanks, Mihai.
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