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

To: SnowShredder who wrote (19364)	11/24/2000 10:30:54 AM
From: TATRADER	Read Replies (1) \| Respond to of 59879

on the Nasdaq, you take the distance between the two peaks on the chart...peak one was around July 17th and second peak was around September 4th...you then add 6-7 weeks to September 4th and you get late October for the move toward 2600.... You can take the bigger chart picture on the Nasdaq and measure it by 5000 by 3800, difference of 1200 and subtract from 3800 for target of 2600...Or you can take the smaller picture of 4200 by 3400, difference of 800 which also gives target of 2600... For the year 2001, I am looking for a possible rally on the Nasdaq to no higher than 3500 area, and then a descent to my secondary target of 2200, where I will actively go long once again...Hope I am wrong on this prediction for 2001, however the chart shows still a pattern of 5000 by 3400, which is a difference of 1600, giving our 2200 prediction for sometime in 2001.....Some may argue I should have taken 3200 for my base on the chart, thus giving 2000 as downside target for 2001, but I want to be right, so I gave myself a little leaway on the chart... Again, golds day is coming, and I will wait patiently for my 100%++ return on my long-term holds.... Regards, Mark P.S. Didn't have time to go into Dow at this point, wife wants me off computer again...Can't even play bridge this weekend... P.S.S. Look for NEM to retrace to the 13.75-14.00 area, where again I would be a buyer...Technically, as I mentioned, NEM and other golds were overheated....