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: majormember who wrote (315)	5/13/1998 10:55:00 PM
From: TATRADER	Read Replies (1) of 59879

Skane, I think you will find out about a trailing stop tomorrow on TGSK....You set the stop once the stock starts moving up for the day, at yesterdays high...I only do this on stocks that have a tight bid-ask spread and have moved upward for at least two days straight....You may make a mint on TGSK, but I plan to nail it again at the reversal point, should the stock provide me that opportunity tomorrow..We will see who will win this battle...I hope it is you since I am already out with a 1/2 point... Today, a call was made on this thread in regards to a reversal in WAVX at 2.50...I doubled my position at 2.56.....Why was 2.50 appealing.. Take out your Gann Retracement indicator.. Put your first mark on the low of the stock and the second mark on the recent high of the stock..The Gann Retracement will give a reading of 2.50 for the pullback.. Now confirm it with the volume as we begin the upmove... 5/1/98 the high on the opening day of the move was 2.53, that now becomes support on the downside.. 5/4/98 on day two of the move the low was 2.50, showing support at this level... Usually I also try to confirm with the Fibonacci indicator as well... Regards, Mark

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