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


To: Shanker Reddy who wrote (16387)5/2/2000 6:42:00 PM
From: TATRADER  Read Replies (1) | Respond to of 59879
 
shank, both of these stocks should move down to my target areas provided overall market tanks....I am very thankful I am not taking up any long-term positions(3-6 months)..
We will have the opportunity to buy K-mart specials soon enough....More blood needed to be shed on the downside first...Give me a Nasdaq 2900-3000, then may nibble at a few position trades..

AMZN- short to 52.50 and then 48.50...but would ride it down with trailing buy stop..
XLA- short to 40.00....

Look for gold to make its move, if it does what I think, we should sell off PDG in 9 5/8-9 7/8 area, look for pullback then to 8 3/4 area, for rebuy....I am ready to remake every penny I lost in the last 3 weeks...Prepare for combat...
BMG should sell off in the 2 1/2 area tomorrow, and AEM in the 6 1/2 area...
However, if this is the beginning of the real gold bull market, those resistance areas will be taken out by fresh buying and huge volume levels not seen in a long time....
Holding overnight
POWI
AEM
PDG
DROOY