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

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To: TATRADER who wrote (8679)5/10/1999 3:00:00 PM
From: shasta23  Read Replies (1) of 59879
 
HI MARK!

You said patience on BEAM. Volume seems too low for a real breakout here and there seems to be quiet some overhead in the 15 7/8-16 region(at least 10000 shares) which will be hard to take out now.
I think it will fail for now. Good demand seems to be around 15 1/2 so you could probably flip this one for 1/4-3/8 of a point...
Market seems divided. DJ30 seems to high but NAZ forms inverted head and shoulder on 60 minute scale and sits now right at neckline....if it breaks above 2550 we could see a nice pop.

Stefan

P.S. I'm surpised with your RSND pick since it has quiet some large blocks on the ask but then again i don't understand s..t about LII and just use a demo for another 4 days..
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