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 (11187)	9/19/1999 5:14:00 PM
From: Mike Sawyer	Read Replies (1) of 59879

Mark, while you are teaching I figure I could give a little illustration...here is an interesting stock chart that some people might like to see. It is one that is very educational. After spending a few months on your thread...if somebody does not trade on TA they are brain dead. #^< Back on August 27th I charted CDCO with trend lines and Fibonacci lines. It had just tried to breakout but was caught on the upper trendline. The Fibos gave me upper breakout target of 15 area. Take a look at that chart... members.tripod.com Now take a look at that current chart and notice that I did not change a single Fibo from the first one...one new breakout Fibo did come into view at the top but it was already there but just off the screen... members.tripod.com Notice those major Fibos were made from a much longer term chart that I also made on 8/27 and fit perfectly with the smaller term Fibos... members.tripod.com Here is the newer version of it... members.tripod.com Technical Analysis is an amazing tool. It is not a perfect science but it does help to swing the odds in our favor. It allows us to make educated predictions as to the direction and possible targets to watch for. Mark, I think you may have helped me a bit when yesterday you said, "Lesson to be learned, after your nightly scans, rip apart your watch list, only keep the very best on that list". This has been a major hangup for me. I get to many stocks that I try to watch on my watch list and end up missing quick and valuable moves. I've got to work hard at separating the cream. Thanks! PS - Another advertisement...I take care of my friends because my friends take care of me. If anybody is interested in the software that was used for these charts, it is Ensign Software with RT eSignal data. You can find out more by calling Jeff Crystal at 800-287-9517. He is a buddy that works at DBC in sales and is also a technical trader. Tell him that TATrader Mark sent you. That way you and Mark will each get a spiff. I'm not exaggerating when I say that eSignal and Ensign make the best trading software package I have ever seen.

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