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

To: GTC Trader who wrote (11994)	12/3/1999 9:35:00 PM
From: JACK R. SMITH JR.	Read Replies (1) \| Respond to of 59879

Happy Bids, There are forward futures, and there is the cash. I would propose that you primarily look at the cash. There is a current divergence in that the cash has made new highs, but the December or Christmas contract had not until, perhaps, today, and that needs to hold. Confusing times. Instead of a right shoulder, we could be looking at a new high, or a double top. My thought is that perhaps we are looking at a "Blow off high" here, but certainly cannot be certain here. We have a very volatile situation here, and none should consider it otherwise! One might follow the advice of more seasoned investors here, and take a protective approach to the market! Jack!