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: TATRADER who wrote (7595)	3/10/1999 3:26:00 AM
From: Lawrence Burg	Read Replies (1) of 59879

Been watching NETM for quite a while now. I have the price top resistance for the last 2 years sitting around 1 3/4 - 1 7/8. Bottom shoulda been on pace between 1 1/4 - 1 3/8, but a steeper advance has shown recent support around 1 1/2 - 1 5/8. Anywho, I counted Monday as a breakout, statistically. Emotionally, the market still seems to have a problem between 3 - 3 1/4. Not sure if you can have the price tops act as a support point; we're riding 1/2+ over the 50DMA. Most of the oscillators fell short of new peaks after yesterday, and turned south today, so there might be yet another pause and retrench to as low as 2 5/8 before the next assault on 3. I would call 3 3/8+ the conservative breakout, as that's the last significant peak. I'll be executing buy limits, however, starting at 3 1/8. Not sure why you have a stop at 3.34, unless that's the same as my 3 3/8. Also, where do you get the 4.25? Elliott Wave? I see little resistance once it breaks.

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