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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 (20636)	2/16/2001 4:32:08 PM
From: TATRADER	Respond to of 59879

excellent analysis Mike...I have been waiting to start aggressively trading long on the Nasdaq, but have been patiently waiting for my 1900 target on the Nasdaq to be hit...And CSCO at 22 1/2!!! Remember this call was given about 6 months ago on this thread...Oh those early bird fund managers just couldn't wait on CSCO, could they, now they get stung like I recently got stung on my gold stops getting hit... If you look at the twin peaks on the Nasdaq back in December of 2000, and measure the top there at 5000, and then after two right shoulders with neckline at 3400, you get a difference of 1600 pts...Subtract 1600 from 3400 for lowside target of 1800 on the Nasdaq.... Interesting too is the recent pattern of 2900 by 2400, a difference of 500 pts...Now subtract 500 from 2400 for downside target of 1900, right in our target area... I was looking for the low in the May-June timeframe of 2001, taking the last pattern of 3 months and adding 3 months from that to achieve the target downside.....