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

To: Mike Sawyer who wrote (11017)	9/5/1999 3:54:00 PM
From: TATRADER	Read Replies (1) \| Respond to of 59879

mike, I looked at IDX, and I want to see a lot more volume on Tuesday..If you look at 3 day simple volume vs. 200 day, it is 95,333 vs. 136,864....Present volume levels will not take out overhead at 9.87 area, and if you don't get your 200,000+ on Tuesday, the stock will wilt back into the 30 period Bollinger band range of 8.63 by 7.87....Stock did close outside band, and at high, so you have your chance for follow-through momentum..Right now I am going to pass on it.. However, TIE is a definite buy in the 7.50-8.00 area, for those who have a 6-12 month horizon or who want to play the range you suggested..(7.50 by 10.25)Stock will have trouble getting by the 10.00 area..Would sell near 10.00, and then rebuy above 10.00 if it re-enters the pattern..(10 by 13.00)In Tradehard.com the book,they speak of a pattern called the three little indians.When TIE went to 13.00 three times in a row, on a weaker RS peak, and then crashed back to 10.00, it formed the three little indians..(Also a nice rectangle pattern in our terms)..Hey, my sister-in-law and wife have it in their IRA at 10.00 and they are underwater(wife not pleased at this point) TIE is a cyclical play, with world economies picking up, it will only be a matter of time before we get the airplane orders,etc. that are needed to propel the price of Titanium... Frank,(stocktalk) I'm sure has a titanium driver and is already supporting the company indirectly... Other conservative picks I like right now are CYRK, a buy in the 5.00-5.62 area, and franks PCTL in the 4.50-4.81 area... These are all buy low and wait to sell high... I am still holding CS, but have my stop set in case the stock goes against me.. Wife doing all trading now..She is a better trader than I am, not governed as much by emotion..We are making a good team, but she is very selective in what she enters...Her philosophy is that if she can find just one or two momo stocks a day, take a ride, and get off, she will make a nice living.. I like her style, maybe that is why I married her...