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

To: GTC Trader who wrote (24597)	7/27/2001 4:03:42 AM
From: NW_Trader	Read Replies (2) \| Respond to of 59879

Hi Ken, MOVI: I don't know if we'll see 24 (yesterday's close is now a support) and while 24 would be about a 50% retrace, we could see a sharper retrace than that. 23.4 should be about the .618 fib retrace of the recent pop, however 23 area looks like next support. Last 2 days were a bit crazy with the earnings and split news pumping things and I think any cooling off could be reciprocal - but then I thought it would trade below 19 after the last surge. Bottom trend line is about 21, and while I don't expect it to be hit a bad overall market could carry us down there; it's also a point at which I'd question the trade I'd planned if it didn't bounce. Volume today was down from yesterday, but still well above the 21 day MA, close is above the upper 2 SD Bollinger bands for both 21 and 34 periods. Other indicators also look toppy, but not rolling over just yet so we could go up some more. I've a long term vision of this, and am looking for that gap to fill. Peace and Justice --- Patrick