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

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To: shasta23 who wrote (8868)5/17/1999 1:17:00 PM
From: TATRADER  Read Replies (6) of 59879
 
stefan, apologize for calling for 19 and sell-off on UNFY..Looks like it got to 18 3/4 and then sold off...Off by 1/4 point..sorry..I am more conservative in measurement of pattern..I had 12 by 15.50..Difference 3.50...Add to 15.50 for target of 19.00...
Also since ADX was under 20 I really focused in on simple stochastic and RS..Simple stochastic was overbought, and RS was just under 70 going into today..That told me, the stock would still probably spike, but then sell-off...It did just what I thought it would do....
Wife and I are studying tic fast stochastic today on several internet stocks..We are trying to fine tune the indicator to help us determine short and cover points...I may get another computer,to help with speed...Regards, Mark
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