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

To: Rashid Garuba who wrote (9729)	6/22/1999 10:05:00 PM
From: TATRADER	Read Replies (2) \| Respond to of 59879

rashid, the challenge of Level 2 is that you have to sit and study how a particular AX plays his stock..They put up so many smoke screens... Yesterday I was in APLX..NITE and friends sat at 7.00 with size, huge size..Then all of a sudden NITE disappears,and before you know it, they take it up to 7 1/2 before jumping on inside ask once again...Technically, I had calculated that the pullback would be at 7 1/2, but his tactics shook me out... His smoke screen gave me only 1/4, otherwise I would have gotten close to 3/4 point...I like much better watching my real-time charting screen and Time and Sales to determine his plots... Since I will be gone most of morning with Vacation Bible School, here are a few short possibilities..As you mentioned it is the guy pulling the trigger who needs the real help..I see more downside tomorrow, so if I play it will be short.. Short Watch list 1.DCLK 2.RNWK(this one was ripe at 70.00 for a pullback of several points..You nailed it today with your call, I was going to short it but pre-occupied with MCOM) 3.VO 4.AMZN(like it to move up a tad tomorrow so I can short it) 5.CLX(let it go to 103-105, and I will jump aboard for another 8 points to downside) 6.SII short from 42.50 to 38.00 should oils be weak again tomorrow... BEAM looks like it wants to revisit 23 on long side..I use VISX as my BEAM indicator...