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

To: dealmakr who wrote (20070)	1/14/2001 7:02:26 PM
From: SnowShredder	Respond to of 59879

Hi David, Will be interesting to see what ends up happening in CA. with the utility situation there. As a consumer, I don't think they'll go under (if they do, the market will tank)...BWDIK? In that there are too many lawyers in LA. >gg< It would create too much economic, and social chaos, not to mention lawsuits(if there is no power, I'll just take another vacation). We had a stage III alert the other day, and the state bought the power. Here is a link to a major newspaper in LA, that has stories on it regularly. latimes.com Best of Luck, WHG?

To: dealmakr who wrote (20070)	1/17/2001 8:48:41 AM
From: TATRADER	Read Replies (1) \| Respond to of 59879

good to hear from you Dave...been busy lately taking a powerpoint class at a community college..put bridge on hold, and as soon as gold lights up, plan to trade it aggressively..But seem to be beating dead drumsticks so far..If NEM doesn't touch 24.50 by April 15th, will throw in towel on gold stocks and get back to more aggressive gizzard trading... I follow a very simple strategy on stocks that drop a shoe..I take the point of drop from the top, to the low of the drop...Multiply by 25% or 40% to give the target(25% is short-term target--3 months or so)40% six month target...So if you take your FDRY drop at 30 subtract 10 you get 20.00 x 40% gives an 8.00 retracement, which puts my target at 18.00 or 25% retracement to 16.00... One of these days the pattern is calling for 21.00..That is as high as I see this one going over the next year..Pattern here is 11 by 16=5 pts. add to 16 for 21....