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: majormember who wrote (4106)	10/20/1998 9:20:00 PM
From: TATRADER	Read Replies (1) of 59879

PVN is the best of the two picks for a short....PVN just put in the right shoulder at 80.00...Neckline is at 60.00...I would entertain shorting it in the 75-76.00 area tomorrow if it did any move on the upside...Then set my protective buy stop at about 81.00...Once you crack the neckline at 60.00 the potential is for a 20 point score...Personally, 15 points to the neckline at 60.00 would suit me fine... NDE is a very hard one to read..I would need about 1/2 hour to do a full study on it, and am not able to give that time tonight...quickly, the pattern is a symmetrical triangle with apex at 12.50...Trend is still negative but ADX has stalled at 36 and spread of directional markers is narrowing...

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