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

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To: Rashid Garuba who wrote (3660)10/7/1998 10:23:00 PM
From: TATRADER  Read Replies (1) of 59879
 
Good evening Rashid....
Traded in and out today, took home some profits...
1. Sold ALTA for 1/4
2. Sold DROOY for 1/4
3. Sold GSR for 1/2
Needed to reload so I can nail new golden puppies on the retracement..Will do a retracement study on our 57 gold stocks, and report back once we have a correction...

Holding overnight....
ASL
GLG

Tonight's stock pattern that we study is entitled by Jeff Cooper,
The Lizard Bull...
1.Today's open and close must be in the top 25% of its daily range..
2.Today's low must be a 10 day trading low..
3.Tomorrow buy 1/32 above today's high...

Now unless my computer is giving bad quotes I have two gold stocks that did a Lizard Bull today...
They are GLG and MGAU

Why I like GLG is that it is sitting confidently upon the neckline at 3.00 a share....Now the only problem is the XAU, if it is moving upward again tomorrow GLG should move upward, if not, we retreat...

MGAU is interesting because of the volume influx at 50 cents....and then the reversal...Looks like accumulation money...After a long descent, a lot of volume with little movement usually signals accumulation...

Got to walk dog...Goodnight...Regards, Mark

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