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

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To: Bouf who wrote (34363)1/8/2003 4:16:00 PM
From: TATRADER  Read Replies (1) of 59879
 
bouf

looks like on DISK past chart you have flagpoles that move into a flag pattern...upmove is usually 50-75 cents, then consolidation for about a month in a 25 cent trading range....It looks like it is at the top of this pole in 3.00 area, and should consolidate in the 2.75-3.00 area, if history repeats itself...
Would not go long at this point, but if you entered in 2.00 area a while back, a very nice trade....

Take a look at pattern on VIGN....should consolidate for a while here, but next pop has potential for 75 cent move above neckline...
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