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: Rashid Garuba who wrote (3974)	10/15/1998 6:42:00 PM
From: TATRADER	of 59879

Two days above resistance confirms break..Pattern remains 7500-8200...Am not convinced that 8200 will hold tomorrow...Looking for initial spike and then big profit taking putting us below 8200 at end of day...Greenspan never acts quickly...There are deeper problems that someone is not telling us about...I think our strategy until we see the DOW drift back into the rectangle(below 8200) is to go long just for the day or play the gold market....My initial target of this move on the XAU is 82.00...The XAU closed above the 30 period envelope channel(75.37) at 75.52...Bullish to close near high and above the channel...Bollinger Band reading is 71.782-86.185....The XAU did a 180 today, again bullish...Spot bullion is just below the magical number of 302....We break, bullion runs to my first target of 320.00...That will be the big hurdle to get us to the promised land of 350-400 gold..... Top pick tomorrow is one of my 4 open gold positions.... DROOY at 3.50.... DROOY did a 180 today and the historical volatility of the 6 and 10 day is 50% below the 100 day for two days running....I am looking for a pop on this one that will give me sizeable profits....Somebody has been quietly accumulating this stock...They can't keep it hidden from us forever... My other open gold positions are 2.ASL 3.PDG 4.NEM Am upset that the double bottom pattern I called on MNRCY did not prompt me to enter when the stock held the neckline at 12.50...Someone I know told me that it would need to fill a gap, which never happened...The stock was up over two points today...Learned a lesson...Be your own trader...If a stock meets your criteria, don't allow others advice to deter you from action... While DROOY is on my SUPER ALERT list Here are a couple of others that I will be watching 1.MDG at 5.47 2.BMG at 6.67 on bid... Will do a Long study on a few gizzards later....Mark

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