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

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To: majormember who wrote (2609)8/21/1998 3:31:00 PM
From: TATRADER  Read Replies (2) of 59879
 
FNTN, yes it was a reversal, there are many different types:
Example: Lizard Bull is when stock makes a 10 day trading low and then finishes in the top 25% of its daily range..
50 day expansion pivot...50 day was at 1.04....Largest range expansion in past 10 trading days(high low price), and stock moves away from 50 day price...
There are many more reversal possibilities, but don't have time to mention them at this poin...
will pass on FNTN, since I don't have ability to set stops on bulletin board companies...Mark

P.S. Looks like Arakis will close today near its high....
As I stated earlier, the work will continue and the takeover deal is solid..
Talisman-Arakis deal to proceed despite bombing
CALGARY, Aug 21 (Reuters) - Canada's Talisman Energy Inc. (TLM.TO - news) said on Friday its US$220-million acquisition of Arakis Energy Corp. (AKSEF - news) will proceed as planned despite U.S. air strikes on targets in Sudan, the location of Arakis' major oil project. Officials at Talisman who declined to be identified said nothing had changed in the plans to take over Arakis.
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