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: Dale Baker who wrote (8706)	5/11/1999 10:37:00 PM
From: TATRADER	Read Replies (2) of 59879

I have spent a good portion of my free time today analyzing my shorting mistake on YAHOO..My disciplines should work both ways, whether they be internet stocks or not...Here is the mistake.. If you use your fast stochastic 8 period, it was well below the 20 line on YAHOO, saying to the technician this stock was extremely oversold...To expect it to go down further after an initial spike was a suicidal entry...One needs to wait for the fast stochastic, along with the patterns of the stock to confirm the short...If you look at the pattern, there is good resistance at 180...IMHO, YAHOO can be shorted tomorrow in the 179-183 area(if it even makes it that high)...Those that have the courage to short when momentum slows tomorrow, should pick up a quick 10 points to the downside... I should be taking profits tomorrow in NEM,ESST, and taco money on HM...Have some great picks for the wife on the long side... If you like gold ASL is giving me a buy at 7.87...That is if anyone believes in inflation.....Looking to short SPLN in 45-46 area, hopefully around 10:00 A.M...Fast stochastic above 80 line..

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