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

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To: TATRADER who wrote (3861)10/13/1998 2:25:00 AM
From: NW_Trader  Read Replies (1) of 59879
 
Mark:

Scan report -
GGO is a 1,2,3,4 as is AEM. HM did a 21 day expansion pivot - watch tomorrow. KGC did not fulfill spent market pattern as it didn't close in top 25% of day's range, but did a 1-2-3-4 setup.

The AUX did a lizard buy, 1-2-3-4, and 180. Hopefully strength continues tomorrow, but other indicators (stoch, MCAD RS) show weakness that the chart contains. Will watch to see if AUX can trade above 79.5 tomorrow. Will also watch MNRCY - closed weak, may be overbought - but I thought that 3 points ago - so WDIK?

If anyone's a purist, the following would be entry points:
GGO 17 1/4 ; AEM 5 7/16; KGC 3 5/16; HM 13 1/16. Given my uncertainty for the future of gold, I'd wait to see AUX break strongly up - preferably over 80. By then all these targets should be met. Good Trading all.

Peace and Justice --- Patrick
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