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

To: Rashid Garuba who wrote (28161)	3/7/2002 12:37:44 PM
From: Mike Sawyer	Respond to of 59879

OK, if you and Mark want anther one to take a look at...BRCD is the one I'm watching close. The long term weekly head and shoulders bottom is forming nicely...seems to be putting in the right shoulder now. The 60 minute and daily charts show a short term H&S bottom with pattern 21.61 x 27.83. You have a double left shoulder and today it is putting in the first right shoulder on a gap up. I am looking for a double right shoulder which should fill in the gap and then I think it's time to go long and look for first short term move to take it to target at 34. Then that is near the neckline of 41 where the right shoulder should be completed on the longer term weekly chart. Long term weekly H&S bottom will give a target of 70 bucks! Look at your weekly, daily and 60 minute charts and see if you don't see the same things. This is also what I am seeing in the $COMPQ. The Nasdaq daily and 60 min chart needs a small right shoulder for a short term H&S bottom....I think 75-100 point down draft. Then I see the Nasdaq going to a move around 2018. The neckline is about 2098 for a H&S bottom on the weekly chart which would give a longer term target of 2810. I have found that H&S patterns are extremely accurate in the market at this time...as accurate as Mark's poppers were at the height of the bubble. <ggg>