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

To: stock talk who wrote (16298)	4/26/2000 11:26:00 PM
From: TATRADER	Read Replies (1) \| Respond to of 59879

ETYS 1)Stock pattern was 5.00 by 7.50, giving target of 10.00 2)Stock held firmly above morning gap at 7.37 3)Range for most of day was 8.50 by 7.37..Stock pulled back 66% to 7.75 and was stubborn to give back any more ground..Selling pressure on Time and Sales died in this area.. 4)News on CNBC yesterday stated that ETYS would be one of the net survivors..(this is what I read on a thread, don't know if it was true or not) 5)Liked the idea of the stock being once 85.00 a share.. Someone once thought this stock had great potential, possibly same fires could be relit... 6)Pattern also showed a double bottom with second bottom higher than first..Showed me that further downside highly unlikely... 7)Came out of a base formation at 6.00 with good solid volume about twice normal... 8)Gann Retracement gave me first target of 9.25, so I exited there... 9)MACD Histogram was 3 days over zero line and moving up... 10)It was a Nasdaq gainer on day one of its break...Only like these, if its day 2, too dangerous.... May short this one tomorrow..... All: If anyone asks you why you bought a stock, you had better be able to give at least 5 solid reasons for the short or the buy....Someone once told me, you should be able to explain it to your spouse, in simple language, so that they wholeheartedly would agree with you..If you can't convince your spouse, why are you buying or shorting it????