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: Lawrence Burg who wrote (7598)	3/10/1999 6:50:00 AM
From: TATRADER	Read Replies (3) of 59879

Lawrence...NETM has a several great patterns, depending on the time frame you are working with...I have three patterns with time frame targets.. 1)Pattern one(remember I am a very short-term trader) see base at 1.75 and neckline at 3.00...Take 1.25 and add to neckline at 3.00 for 1 month target of 4.25...Likewise, I always like to have two or three indicators confirm a price objective...If you put your Gann Retracement on the base at 1.75, and then on the neckline of 3.00, you get a target of around 4.50...I always try to get out before my targets because they tend to become self-fulfilling... 2)Pattern two, pattern is 1 by 3 with target of 5.00....This is my 3 month target.... 3)Pattern three, pattern is 1 by 5(5 is the longer term neckline)...Giving my six month target on this stock of 9.00 a share... On 11/30/98, NETM reached a high of 3.34(that's what my data has), as you have correctly observed, this is the real technical breakpoint..Of course, we are always trying to sneak in a tad early to catch the wave, that is why 3.06 on the bid is on my radar....

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