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: Zeev Hed who wrote (777)	6/5/1998 8:55:00 PM
From: TATRADER	Read Replies (1) of 59879

IMPX----If I was a Professional Analyst, I would give a buy recommendation on this stock...A buy in the 90-1.00 area....If any of you are professional TA traders, I think you will agree with the information I will supply below... One will have to be patient with this stock, this is not a quick ABACF where I made 85% in three days...There is serious overhead that I don't have time to calculate right now, that will have to be overcome for this stock to kick into gear... Double bottom pattern, pattern is 87 cents by 1.50... 2nd bottom put in on 6/2/98 at 87 cents.... MACD Histogram and Pring KST both crossed zero line two days ago... Relative Strength is not making a lower valley with price....Bullish divergence with price... +D1 and -D1 crossover today.... Simple Stochastic moved above 20 on 6/4/98 signaling a buy... One of my best indicators in helping to ascertain whether we have turned is the smooth rate of change... 6/2/98=75.805(DATE OF 2ND BOTTOM given by indicator) 6/3/98=76.83 6/4/98=78.163 6/5/98=78.621... Historical volatility on the 6 and 10 day is 50% below the 100 day, indicating a tea pot ready to explode... ADX sits at 24 right in the area I like to nab potential trenders.... I know Zeev, you have a natural feel for markets and don't need this kind of sermon, but I feel you nailed another bottom....I may join the party...I need a stock that will calm my nerves where I can sit on it and gradully wait for the explosion, and don't have to worry about the bottom falling out on me... Do not have time now to look at GATE, will be back late Sunday night.. I get depressed with GATE when I think of all that overhead at 2.50... Have to run scans, and do my studies sometime this weekend... Regards, Mark P.S. Any time you want some help calling a bottom on one of your gizzards drop me a line...Have made a lot of money on some of your initial suggestions....As Skane would probably say, "YOU DA MAN!"

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