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

To: TATRADER who wrote (9735)	6/24/1999 4:06:00 AM
From: GTC Trader	Read Replies (1) \| Respond to of 59879

Mark, << Head and Shoulder bottom..I see a left shoulder, head, and we are finishing the right shoulder >> I didn't see this pattern at first because the chart didn't reach the neckline (10) between the head and right shoulder. It only got up to 8. How close to the neckline is considered close enough? Any guidelines? Also, for a position trader, looking at the chart around June 9th would have indicated a rise to the neckline if the pattern was to complete. Buying around 7 would have yielded a ~50% return. Was the pattern reliable that early, or only as it was approaching the neckline on increasing volume? Best regards -- HB P.S. Good luck in your "short education". It could prove very valuable/profitable over the next 6 to 18 months !