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

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To: James Strauss who wrote (7636)3/11/1999 9:31:00 PM
From: TATRADER  Read Replies (2) of 59879
 
Jim, I would like you to use this new indicator by Connors on RDC...

Everyone else who reads this thread, pick your favorite oil stock...Report back when you get a hit..Here goes...
1)Oil stock has just made a 60 day high(most have today)
2)After making the high, the oil stock pulls back for at least 3 days but not more than 10 days...So your oil stock does not take out today's high in the next 3 to 10 days....once the 3 to 10 day pullback occurs....
3)Today's volume must be a three period high...Means that today's volume is larger than yesterday's volume and the day before yesterday's volume...
4)Buy next day above today's high...If trade does not trigger, the signal is nullified...

I will use the VPM on TMAR....Still optimistic that in the next 3-10 days it will be trading in the 6.50-8.00 range...
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