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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?

To: majormember who wrote (9697)	6/21/1999 9:41:00 PM
From: TATRADER	Read Replies (1) \| Respond to of 59879

that comment on MCOM I made was from june 7th on Silicon..Target 16.00..So what am I doing long with 1/2 position instead of completly being out..Mark, practice what you preach!!!Ok, I'll try to justify my behavior for sticking around another day.. Reasons: 1)MACD Histogram zero line crossover 2)Day one of a run 3)Larger pattern shows 22 1/2 as next target 4)ADX is just starting to move up 5)If you take a look at simple stochastic, it is still not overbought..Remember RS and simple stochastic need to agree with each other.. 6)Marketmakers shorted heavily to sustain rise,and give impression of weakness..They did this today when they took the stock under the gap price for a period of time to pick up shares.. Of course, my fear is that they take it down in the morning and then reverse course..If they do, I have a day buy order set at where I peg the reversal point to be...On the otherhand if they move it up, I have my pre-determined sell point on GTC ready to take me out.. Regards, Mark