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: Rashid Garuba who wrote (28327)	3/16/2002 1:18:33 AM
From: GTC Trader	Read Replies (1) of 59879

<< DROOY trendlines (log chart) connecting 3.03 and 2.8 tops and the one connecting 2.21 and 2.23 bottoms >> Rashid, What you are describing looks like a descending triangle which is quite bearish. I currently have a GTC buy in for DROOY at 2.27, betting that the gap will hold, but the chart pattern is a little disconcerting. I am debating removing my GTC and waiting to see if Mark gets his dive into the gap, but I can't follow the market intraday, and DROOY can move up a lot faster than I can jump in, so I am willing to buy it in spite of the bearish pattern. Do you (or Mark) have any comments on the descending triangle? Thanks and Go Gold! Ken

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