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: heenalu who wrote (24658)	8/2/2001 1:29:05 PM
From: NW_Trader	Read Replies (1) of 59879

Hi henalu, Thanks. Shorting is more difficult, IMHO, but another way to turn a profit. I personally like patterns, not spikes, except for some of the crazy news driven ones, which are hard to catch. WFII - first minor resistance at 10, more substantial at about 13. It's been consolidating for about 5 months in a rectangle of 5.5 X 8, so area of 10 would be pattern short. The sector has been boxed, but could breakout on economic recovery belief by markets so I'd be covering fast if it breaks 10 on volume. The volume surge since it left 6 will keep me watching - also I don't like shorting < 10 without a strong down trend in place. ZICA, sorry don't follow, but low historic volume suggests a pass. Will try to look at later, got to get back to markets for now. Peace and Justice --- Patrick

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