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 (11734)	10/29/1999 11:30:00 PM
From: JACK R. SMITH JR.	Read Replies (2) of 59879

Trader, We have a gap to a gap in the S&P 500. My thought here is that we will probably have a reversal on Monday, but if not then, a failure to penetrate 1400 on the "Christmas contract". To put it rather frankly, I think we have a top here, but cannot be certain. Certainly could go higher here, but my thought is that we are near top, and could see a protracted action on a weekly basis in forming the "right shoulder"! This may be a very though "technical nut to crack"! Let us see how it plays out!! All know here to keep the stops short in markets like this, I assume! Best to all here, Jack!!

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