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: Richard Mazzarella who wrote (19561)	12/13/2000 6:03:11 PM
From: TATRADER	Read Replies (1) of 59879

Nightly Golden Gizzard Report Gold Stocks continued their retracement today to the target areas we outlined several days ago...Our Commodity Channel 5 period index is now below -100(126.569) and our Fast stochastic 8 period is below the 20 line at 13.45...Thus we have our first buy alert being triggered today....Now we look for two possible entry points as we view the XAU...As was mentioned several days ago, our buy areas are: XAU in the 47.75-48.37 area---First support Area XAU in the 46.50-46.87 area---Secondary Support Area We will need to observe tomorrow if today's low 47.48, is taken out, or whether we retest that level, it holds, and we repel upward, to help determine if we should re-enter on the long side or not.... Our Target buy areas were hit in AEM today... 5.87-6.06 We are close to our target buy areas in PDG and NEM PDG buy area is 8.37-8.50 NEM is 15.00-15.37 (Could have already grabbed some NEM today at 15.25) Stops would be set on NEM at 14.50, PDG at 7.87, and AEM at 5 1/2..... If you play gold stocks, stick with the strong ones... MDG,AEM,NEM,PDG................ Once this consolidation phase is over look for our long term bullish targets to be hit... 1 month target 53.75-55 3 month target 57.50

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