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

To: TATRADER who wrote (25481)	10/25/2001 12:07:57 PM
From: NW_Trader	Read Replies (2) \| Respond to of 59879

Hi Mark, Well I called my afterhours entry in HLIT @ 10 (which I thought would provide support) a FFT (Final Foolish Trade), and indeed it was. Looking at long term charts later last nite, saw a possible dip to 7 coming (Jun low and post 911 low) as bottom of rectangle. Just didn't think it would come so quick - but took a deep breath and big risk this AM, bought a double position @ 7 and sold all at 7.95 for nickel loss overall. May play again as it retraces the pop this AM. But looking longer term, possible H&S visible on weekly chart (volume not real confirming of head) - if so, it may be going back around the APR lows, so not willing to take longer term position here. Markets trying to take back yesterday's profits. This AM, I was too focused to do much else, missed other entries except added another trading position in AMCC @ 11.45. Along with CNXT and VTSS, getting rather concentrated in this group, so may be taking profits if market continues weak. First two are in good graces, VTSS testing 10 again. Still in INKT, SBUX, not in gold (yet). Glad you're back. Peace and Justice --- Patrick