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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less.....

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To: TATRADER who wrote (20197)1/19/2001 10:16:56 PM
From: JACK R. SMITH JR.  Read Replies (1) of 59879
 
Trader and all,

My sense is that we are at the top of the declining channel on the s&P 500 here, may flop around for a trading day or two, but do not expect channel break here and then looking for the bottom as I have said around 1250 longer term. Beyond that, we will have to wait and see.

The money to be made here is in the realization that we are in a declining market and sell dear and buy cheap with the incline in mind.

Regards to you and all,

Jack
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