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: Russell Gish who wrote (371)	5/18/1998 8:47:00 AM
From: TATRADER	Read Replies (3) of 59879

On a flag pole formation, it is very difficult to determine an entry point...Cooper and Connors usually wait for 3 lower lows or two lower lows and an inside day...But on these penny stocks, they usually have blown their top by that point and have too much overhead to consider entry...If you read my post to SKANE, i will give you one way I play Mex stocks, and try to get out with my shirt on...This stock could be taken back to 1.46 before it makes its next move..That was the High on Thursday..ADX is only at 30, so you are in the early stages of a potential trend...If I am around at noon today, I will look at this one, but probably won't chase it, since you have to be on your monitor around the clock if you want to trade ones like this profitably...Good luck...Mark

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