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

To: Dale Baker who wrote (9840)	6/27/1999 5:28:00 PM
From: TATRADER	Read Replies (2) \| Respond to of 59879

ok, dale, let's get on with business...Here is my stock pick of the week...AERL..I exited this one on Friday at 14 1/4 but I plan to re-enter on reversal..Same type of story with MCOM... AERL(close Friday was 13.063) Buy area is 11.50-12.00 ONLY... Target price is 18.00 a share... Pattern is 4 by 11.00 14 period ADX moved up to 22(I like a 14 period ADX rising above 20, just starting to trend) MACD Histogram reading is 2 days over zero line... I am anticipating this stock to move down on Monday, possibly yet Tuesday, before reversing...It will make an attempt to fill the breakaway gap..It looks to me that it will touch the 30 period Bollinger at 12.15...I would be a buyer at 12.15 or less..I think we will have a few moments to nab it in the 11.50-12.15 area...Once entry is secured, set stop under intraday low... Regards, Mark P.S. I don't advise nabbing this one at its present price..If it doesn't come to target area, there are others we will discover later this week... P.S.S. If CMIN comes back to 12.00-12.50 area, I would advise nailing that one too...Take a look at its new projected earnings..Another turnaround here in the aluminum business(hope I have the right metal they make, as I don't look at fundamentals)