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

To: heenalu who wrote (24674)	8/3/2001 9:31:33 AM
From: NW_Trader	Read Replies (1) \| Respond to of 59879

Hi Heenalu, Briefly, a rectangle is a trading pattern - look at a chart of WFII for the past several months and you'll see that it has bottomed in the 5.5 area and topped in the 8 area (roughly) - these are historic support and resistance areas. Difference is about 2.5, add to top of pattern for 10.5 = I allow for a bit early on shorts, so 10. Bulkowski's Encyclopedia of Chart Patterns is my favorite for general quick reference, however the classic Edwards and Magee text or any good chart pattern book will discuss boxes or rectangles. I'll try to list a few later to you. Got to go - market's calling. Peace and Justice --- Patrick