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

To: NW_Trader who wrote (16221)	4/23/2000 4:13:00 AM
From: bluetreekk	Respond to of 59879

HAPPY EASTER TO YOU ALL - GOD BLESS EACH AND EVERYONE OF YOU

To: NW_Trader who wrote (16221)	4/23/2000 2:18:00 PM
From: SnowShredder	Read Replies (1) \| Respond to of 59879

Hi Patrick, Glad that you're back, & had a blast in Maui. I haven't been able to pay that much attention too the market recently, and am sitting 100% cash. I know MSFT was trading down after hours on Thurs, due to earnings, so I think that next week could retest, as MSFT being down due to the courts lead to the darkness before...I'm still looking to buy some bargins soon...BWDIK? Well, back to lab work. Everyone: Happy Easter!!! Best of Luck, Where'd He Go?

To: NW_Trader who wrote (16221)	4/23/2000 9:54:00 PM
From: JACK R. SMITH JR.	Read Replies (2) \| Respond to of 59879

Patrick, I feel fairly confident that the DOW will find intermediate support in the 9600-9700 area. Notice that the targets are growing wider! If that is penetrated, then we are looking at 9100 -9200. If that is penetrated, then we are looking at 8400-8500. If that is punched, then I would look for about 7000 for next support. Hope that happens not here. Gold--see intermediate support at 275.00. My thought is that is will hold there and reverse to near 310 over some time. I would be looking to sell Live Cattle here if any hold. Do not be long Platinum nor Palladium. Platinum may have a short bounce, but I would sell into that. S&P 500, I would be looking at an intermediate low near 1330. Bean Oil, you can sell here and take profits later. Swiss Frank looks like it has a bit further to go to the downside, but make this your gold substitute. Unleaded gas, I would look at .78 for support. Then a rally from there. U.S. Dollar is awaiting a good decline to near 96 over time. I would be very wary of any long position there. However, could could surprise me on the long side. I would look to buy the Canadian dollar after it bottoms in a couple of weeks.(perhaps months). While I have opinions, I am truly not trading much, and more protective than I can rembember. I have told you that I do not think that the Techmania is over yet, and will perhaps never be, but I am not trading it. Jack!

To: NW_Trader who wrote (16221)	4/23/2000 10:05:00 PM
From: Mike Sawyer	Respond to of 59879

Hi everybody! I trust that everybody is well rested and ready for some happy trading. I know I am. I'm in cash and looking for retests of the lows. Some will...some won't...and others will set new ones. I'm with Mark on the Dow hitting 8500 area...that head and shoulders top is not one to take lightly. I just don't think the bottom is in at this time. I really don't expect to see another collapse to get us down there but I do expect erosion to take place. I also expect to see the Nasdaq have one more wave down before it changes trend. I would not be surprised to see a new low put in which may set us up for a head and shoulders bottom by giving us the left shoulder and head. Any thoughts on any of this?

To: NW_Trader who wrote (16221)	4/24/2000 10:16:00 AM
From: TATRADER	Respond to of 59879

Hi Patrick, going to take a couple weeks off from trading until I get my emotional state under control... I have basically cash and gold at this point.. PDG looks like it is going to do a narrow range day today.. It continues to make lower highs and higher lows off the expansion day, 8.81 by 8.00...Again, technically PDG looks like it is preparing for a pop to upside...PDG remains in my book a buy in the 8.00-8.50 area, with decision needing to be made whether to sell into the 9.50 area or hold longer term...The Central Banks continue to get in the way of the technicals, but I really believe the move off the descending wedge on the XAU will be explosive when it happens...Regards, Mark