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: dealmakr who wrote (20070)	1/17/2001 8:48:41 AM
From: TATRADER	Read Replies (1) of 59879

good to hear from you Dave...been busy lately taking a powerpoint class at a community college..put bridge on hold, and as soon as gold lights up, plan to trade it aggressively..But seem to be beating dead drumsticks so far..If NEM doesn't touch 24.50 by April 15th, will throw in towel on gold stocks and get back to more aggressive gizzard trading... I follow a very simple strategy on stocks that drop a shoe..I take the point of drop from the top, to the low of the drop...Multiply by 25% or 40% to give the target(25% is short-term target--3 months or so)40% six month target...So if you take your FDRY drop at 30 subtract 10 you get 20.00 x 40% gives an 8.00 retracement, which puts my target at 18.00 or 25% retracement to 16.00... One of these days the pattern is calling for 21.00..That is as high as I see this one going over the next year..Pattern here is 11 by 16=5 pts. add to 16 for 21....

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