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

To: Lynn Peters who wrote (14853)	2/29/2000 3:49:00 PM
From: NW_Trader	Read Replies (1) \| Respond to of 59879

Lynn: Very quickly: a number of chartists suggest that in drawing trend lines, one should anchor them against not the highest or lowest extreme points, but where there exists an agreement of support - the 15 5/8 point is an extreme, unsupported by other highs in the vicinity and I wouldn't use it; note also that volume that day wasn't a particularly high day, so again I wouldn't rely on that extreme point. I'd use a value of around 15 - 15 1/8 for the top line, hence my b/o target price. Would also want volume to confirm any breakout, of course. Peace and Justice --- Patrick