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: JACK R. SMITH JR. who wrote (3788)	10/9/1998 11:50:00 PM
From: TATRADER	Read Replies (2) of 59879

Hello Jack, I have the cliff on the S and P at 900.00, pretty close to your calculations...My bifocals probably give me the extra 15 points over your calculations(vbg)....I view the formation here the finishing of the right shoulder(way you and I look at body is a bit different)...I have crash on S and P to 725....Regards, Mark This rally should fizzle at 1000 on S and P.... XAU trendline is at 75.00...Gold stocks sold off today because bullion can't get over 302.00...Lot of vested interest making sure that doesn't happen...Wouldn't want a crisis in currency confidence,now, would we...My take is that the gold stocks test the trendline at 75.00 on Monday, intraday dip to 72.50 and then gold gets angry and repels the index upward above trendline at 75.00..It is that angry reversal in the 75.00 area, that will take me out of cash and put me both guns back into gold..Right now I am 90% in cash with a position in GSR at 2 1/16 remaining for the weekend.... Fast stochastic 8 day is at 34.678 on XAU...When it gets in the teens it is usually a signal to buy with both hands, as the average will be extremely oversold.... Here are the gold stocks I will watch on Monday(XAU needs to hold support before I enter any more gold stocks) 1.ASL--Reversal should take place in 9.00-9.50 area, but an intraday spike to 8.50 is possible..If that is the case I will load up truck on ASL at 8.50...Technically the run on ASL was from 5 to 12.00...A 50% retracement puts us at the 9.50 area..So we are very close to a reversal..maybe Monday, maybe Tuesday..Whatever day, I will be there if the market maker takes it below 9.00... Monday only with XAU reversing: 2.DRFNY potential buy are 6.00-6.25(fill gap)...Did a 180 Friday.. 3.KGC at 3.37 4.CCH at .50 bid 5.ASA at 23.06 6.AEM at 6.00 7.SGOLY at 3.87 8.SSIRF at 1.56 bid 9.ECO at 2.56 bid 10.BGO at 1.50 bid Regards, Mark

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