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: GTC Trader who wrote (9774)	6/24/1999 7:21:00 AM
From: TATRADER	Read Replies (2) of 59879

Happy, the pattern was reliable on TIE beginning on June 10, 1999..That is when ADX turned up from 17 to 18, and stock started making its move on finishing right shoulder..However, i did not have the stock in my data base at the time to see this move..Two ways to trade here..Either you buy when move toward right shoulder begins and sell at 10.00..Or you wait for two day hold above neckline to confirm break..Trying to buy as close to neckline as possible..I bought right in the middle, somewhat dangerous, since we could have sold off at 10.00(and we did for one day to 9.00)anticipating since the stock was so depressed, and volume levels were increasing that it should have no trouble breaking neckline.. I can't say much about this stock at this point since wife has it in her IRA..and I may trade it.. Here is an update on stock pick of week for June: These stocks were recommended on this thread and prices of my buy areas given immediately after the trade..I put the high end of each recommended buy area for our figures..This is a conservative portfolio, not the way I usually trade.. Date Stock Recommended Buy Area Value Today's Value June 2 MCOM 9.50-10.00 $10,000 $18,000 June 9 TRID 8.00-8.50 $8500 $9,500 June 16 TMAR 6.75-7.25 $7250 $6500 June 21 TIE 9.00-9.50 $9500 $10,500 Total put in portfolio=$35250 Total Value=$44500 1 Month Return for June 1999=%26% Regards, Mark P.S. Why do we need to pay for newsletter writers?...Do your own work and study, as you see above it works...

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