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

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To: Soren who wrote (1720)7/23/1998 12:21:00 PM
From: TATRADER  Read Replies (3) of 59879
 
IMPX...I sold my position in IMPX a while ago and took a moderate loss..The stock is finishing up a double bottom pattern...RS is showing this...
Look recently at the price low of 75 cents..RS was 37.434
Then when the price low recently was 78 cents...RS was 35.035

The RS is one of my favorite indicators to help determine a bottom area...Well we are there, the question is how long to we muddle here..
Can't give you a time frame, but I will rebuy on the day that we get 1 million+ in volume and 1.05 is taken out on the bid...

Regards, Mark
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