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: NW_Trader who wrote (2076)	8/3/1998 7:11:00 AM
From: TATRADER	Read Replies (2) of 59879

After a long downturn, I watch very closely 5 things...KMAG 1)Ultimate Oscillator, it was up Thursday and price was down--Bullish 2)Relative Strength, moved up from 15.74 to 23.135... 3)3 lower lows or inside day, where stock hits 1/32 over daily high.. high was 3.03 on Thursday, my buy stop was set at 3.12...It got hit... 4)Pattern recognition--Looks like beginning of Head and Shoulder bottom, or double bottom....Left Shoulder already there, Head being formed as we speak, right shoulder, remains to be seen.... 5)Volume oscillator up with price.... I am not looking at big potential here, just a bounce...But today, I will not be trading because of work, and a market where I should be going short....Mark

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