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

To: Rick Dudley who wrote (20391)	1/31/2001 4:05:04 AM
From: TATRADER	Respond to of 59879

LGTO-pattern is calling for a target of 22.50....7.50 by 15.00, add 7.50 to 15.00..Some may argue a higher neckline at 17.50, but i am mr. conservative...(except in gold trading, my achilles heel)Continue to trail it and if not taken out, look to take profits in 22.50 area... Interesting again, is my 40 or 25% rule on stocks that drop a shoe and how the target coincides with the pattern... LGTO dropped its shoe at 45, low area was 7.50....Take 45 minus 7.50=37.50, now take 40% of 37.50, you get 15.00...Add 15.00 to the low at 7.50 for target of 22.50... P.S. Continue to keep Chisy's HSAC on radar...It is a cup and handle pattern, and one of these days will give the longer term holder a solid 3/4 to 1 pt...I am waiting for that thing to do a dive to the 1.50 area so I can play a bounce...