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

To: JACK R. SMITH JR. who wrote (16225)	4/23/2000 11:04:00 PM
From: Mike Sawyer	Read Replies (2) \| Respond to of 59879

Hi Jack! Great info in that post!!! It's always nice to see what is going in other peoples minds. ...more thoughts on the DOW...if this really is a bear market then I think the major support trend line on the weekly chart will be violated which will give us steam to push all the way through to 8500 area...not all at once though. Take a look at the weekly chart and notice the trend channel that is in play. I see weakness that could break it through the support trend line. If that happens then I look to the 200 day moving average which is about 8600 and rising. Here's my pic... tatrades.tripod.com

To: JACK R. SMITH JR. who wrote (16225)	4/24/2000 9:03:00 AM
From: stock talk	Read Replies (1) \| Respond to of 59879

Even considering I got stopped out of AZTC for a $6K hit, I am very bullish on the stock.(currently have no position but will re-enter at some point) Anytime I take a loss that is a higher percentage than usual of my total investment the way I respond is to ask myself what was it that my friend "the market" was trying to tell me that I didn't hear. In the case of AZTC, I underestimated the overall general market downward (trend or biases) effect on AZTC. I also ignored several short selling rallies as well as the amount of margin buying that had taken place in the stock as well. I had reasoned (incorrectly) that the fundamentals would support the base between $5-$6. I was wrong and when your wrong in the market, the market will always extracts a price. I was-it did. One of the things I love about the markets is they are great teachers. Mr. Market thank you for the refresher lesson, please consider the funds extracted from my brokerage account as tuition paid.