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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less.....
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To: NW_Trader who wrote (16221)4/23/2000 9:54:00 PM
From: JACK R. SMITH JR.  Read Replies (2) of 59879
 
Patrick,

I feel fairly confident that the DOW will find intermediate support in the 9600-9700 area. Notice that the targets are growing wider!

If that is penetrated, then we are looking at 9100
-9200.

If that is penetrated, then we are looking at 8400-8500.

If that is punched, then I would look for about 7000 for next support.

Hope that happens not here.

Gold--see intermediate support at 275.00. My thought is that is will hold there and reverse to near 310 over some time.

I would be looking to sell Live Cattle here if any hold.

Do not be long Platinum nor Palladium. Platinum may have a short bounce, but I would sell into that.

S&P 500, I would be looking at an intermediate low near 1330.

Bean Oil, you can sell here and take profits later.

Swiss Frank looks like it has a bit further to go to the downside, but make this your gold substitute.

Unleaded gas, I would look at .78 for support. Then a rally from there.

U.S. Dollar is awaiting a good decline to near 96 over time.

I would be very wary of any long position there. However, could could surprise me on the long side.

I would look to buy the Canadian dollar after it bottoms in a couple of weeks.(perhaps months).

While I have opinions,

I am truly not trading much, and more protective than I can rembember.

I have told you that I do not think that the Techmania is over yet, and will perhaps never be, but I am not trading it.

Jack!
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