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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less.....
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To: TATRADER who wrote (20268)1/23/2001 3:26:31 PM
From: GTC Trader  Read Replies (1) of 59879
 
HSAC - Agreed, looks like a great buy ~1.5.

Question: I know you tend to be conservative in your targets.

Could the cup and handle pattern be viewed as 1 by 2.5, yielding a target of 4?

With the flagpole target around 3, does that diminish the chance of it running to 4?

I would truly be thrilled with a run from 1.5 to 3, so I would likely sell ~3 if my buy order hits, but I am curious about the application of cup and handle for future trades.

Thanks - HB
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