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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 (11993)	12/3/1999 5:19:00 AM
From: GTC Trader	Read Replies (1) \| Respond to of 59879

GZSP -- seems to have found support at 5. I have a GTC to buy at 5 with hopes to get a point. A move to 7 looks possible, but it seems to me that taking a quick(er) single point would be a better strategy than trying to get two at this time. AMZN -- Any thoughts ??? 8 - ) Looks to me like 90 is the critical line, either resistance or new support. 90 was the top of the H&S in October. After dropping the predicted 15 points to ~60, the stock moved through the congestion at 80, and then ran up and gapped over the 90 line. Two days later it gapped back down below 90. Today, it filled the gap and closed below 90 at 89 1/16 (88 11/16 after hours). Bobby Beara recently predicted new highs for AMZN, but it looks like 90 may contain this move. If not, it must break through 96 before it tries to move to 111. If the overall market remains strong (and EVERYONE KNOWS THAT IT WILL !!! 8 - ( ), then I don't see it dropping to 60, let alone 50, but 70 seems like a definite possibility before ever reaching triple digits. LNCR -- was channeling between 24 and 30. Today, closed at 30 1/2, closing strong, but on mediocre volume for the day. Two days above 30 is an official breakout, but my guess is that we will see 25 before we see 31. We should know the direction by today's close. SPLN -- From 25 to 53 1/2 in the last ~7 weeks. 52-week high is 59 1/4. Will it make a new high or form a double top? I expect a new high. If it does, my GUESS is that it will attempt to reach double digits within 3 to 6 months, current market bubble permitting. Any comments on my comments, TA or anyone. Best regards -- HB