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 (7673)	3/15/1999 10:41:00 PM
From: JACK R. SMITH JR.	Read Replies (1) of 59879

Trader, Lets have a POWWOW here, and that is where a couple of Native Americans sit down and smoke the peace pipe and talk about the future. S&P 500 has clearly broken above my trading range and then the top of the range becomes support in my thinking. As amazing as it is to me, it is fact! I must accept it as it is and look forward. Not good for gold and oil, and I would view the small oily rally as a failure here, and we should watch for the few strong equities to do their thing here. I must comment that this rally is weak, and narrow in my estimation. Later, and I know not how much later, I still expect a break to the downside and it may be dramatic, and will be lead by the leaders of the rally. Strangely, that may not be the end! We are truly in uncharted terrirory and may see unprecidented results as the market shakes out. My thought would be a situation in which we experience wild swings as the process ensues. Give me your thoughts, please. Jack

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