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

To: Mike Sawyer who wrote (16661)	5/27/2000 8:21:00 AM
From: TATRADER	Respond to of 59879

thanks Mike, my brother-in-law, who has a small portfolio, compared to most of you here, lost $21,000 in his retirement account in 3 weeks...this bear market is hitting all of us who have remained in the market..I don't know who said it, but "In a bear market everyone loses money, the winners are those who lose the least money!" All the money that I have in mutual funds has been in cash the last six months..I missed the run in Jan-March with it, but now it looks like I at least may be able to plug it in sometime soon for the longhaul..Present thoughts are to invest 50% on a nosedive of Nasdaq under 3000, and second 50% if she gets to 2600 on Nasdaq... As far as gold is concerned I re-entered AEM at 5 3/8...I think NEM may nosedive to 23 1/2 where I will watch it for re-entry..The trendline on NEM is right at 24 1/2 area...I think the shorts will take it down on a dip below 24.00 and that will be an opportunity to go long for a trailing stop ride... Below is post from YHOO..This guy, I like....Have known about 3 little indians on a top side(check out TIE) but not seeing it from a bottoming side.. There have been a number of technical developments that have shown up in the POG that are telling the LOW could very well have been made and the XAU could take off like a rocket! If anyone knows of the chart pattern refered to as ''three pushes'' or more commonly known as ''three little indians'', then it is obvious this is what we have in the price action of POG. Three pushes is really nothing more than an exhaustion pattern that very often takes place at the end of a meaniful directional move in a mkt. Think of it as the cousin of a spike! Well on March 31 was the first push, then on May 1 the second push, and finally on May 25 the third push.Notice also how the time - in calendar days - is almost equal between bottoms. How does trade this pattern? Well this is subjective. You need to see a bounce of the $270USD low and tthen you jump in with a stop @ the lows. Another BUY signal given is the pattern of the WOLF WAVES. Well if anyone is familiar with this pattern then they know it already. Without going into lengthy explanations, you simply draw a trendline from the March 31 low to the May 31 low(coonnecting through the May 1 low). Then you draw another trendline from the March 31 low to the May 4 high and extend the line into the future. This positive sloping trendline is your rolling target everyday for POG. For the month of June this target is from $289-$294USD. Farfetched? I do not think so. There is more!In the last two weeks POG has given a BUY signal that is refered to as Turtle Soup plus one!The entrylevel was Friday @ $273USD (stop @ lows). This pattern can lead to very impressive gains over the longer term. The osc. of the 3 and 10 day ma, has had its 4th divergence with POG, since the first week of March.( To see use MACD 3,10 ). The lows are spaced appx 4 weeks apart. In a weak mkt you need several div. to signal a turn! ABX has just had its third higher low since April 3 at teh same time as POG has had its third lower low. major div. Go back to June 99 to Sept.99 and study the diff. between ABX , POG and the XAU. Notice how ABX took off from its third higher high! Well will this be the same? And finally I do not know why no one has labeled this huge advance of POG from the Aug.99 to today as Wave 1 and Wave 2 (a-b-c correction ending now! well I believe we are in the best postion to rally in POG since Sept.99! Do not kid yourselves. When everything lines up fireworks usually follow!And if you need more convincing here is an interesting link you can go an dsee.It tells again of POG and ABX.....