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: curtis christopher who wrote (8494)	5/1/1999 6:01:00 PM
From: TATRADER	Read Replies (3) of 59879

curtis, the problem on TACO is overhead sitting at 11.12...yes it is old, but it remains non-the less...Your rectangle break is from 8.50-9.50..That means conservative target is 10.50...You probably have a small group of traders who are trying to run this one over the pattern area, and will be selling Monday morning shortly before 10:00 A.M....Now if you use the Fibonacci ratio of 1.62 and muliply by 1 and add to neckline, you get an aggressive target of 11.12...Amazing how Fibonacci, and resistance areas all line up...I would be a seller into the resistance areas..However, if you get 11.12 on bid with 1.5 million shares traded, please contact me again, since I might be interested in entering...Mark P.S. Take a look at the pattern on a six year chart..That is where 11.12 really gets interesting..You might also argue a steep ascending triangle off a flag pole formation...

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