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

To: bazan who wrote (10687)	8/17/1999 9:02:00 AM
From: TATRADER	Read Replies (1) \| Respond to of 59879

bazan, ISLE-- I do not trade ISLE since it is a gambling stock...However, I like to analyze any stock.. Would stay away from ISLE at this point.. 1)ADX stalled at 22 2)Stock made a new high but closed lower than open 3)Top of 30 period Bollinger Band at 10.02..Stock failed twice to hold above it..Double failure tells me move back to bottom of band at 8.28... 4)RS peak not as high as two previous tops, even though we have a higher price this time...Bearish divergence... 5)Smoothed rate of change in downtrend.. Recommendation: AVOID...