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

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To: NW_Trader who wrote (25763)11/13/2001 11:00:56 PM
From: Rashid Garuba  Read Replies (1) of 59879
 
Pat,

Most shorts will end up chasing this thing down after missing the top by quite a bit.. Naz looked like it was dying after Cisco's bad sneeze... then levitation! I thought QLGC was baked for a second there.. Remember that law of Physics... "a stock will continue in it's current path until stopped by an immovable object".. The question is what is immovable?? Sentiment of J6P definitely has a ton to do with resistance/supports.. To me, I am drawing my final line at 1940... Once there I will actually go long 100 shares of something (to rally the markets)... Then short with the rest.. Patience... EVERY TREND ENDS.. Just remember to believe the new one when it comes and don't be too hasty to leave early..

Checkout WEBX for a swing trader.. very few headfakes and it sure goes places..

Rashid
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