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

To: TWICK who wrote (29253)	4/26/2002 11:16:14 PM
From: Mike Sawyer	Respond to of 59879

BEAS....funny thing but I have never looked at that one before...at least that I can remember. I see that it has an H&S top with a pattern that calls for a retest of the Oct 1 low. Neckline is at 14.15. Interestingly that is 3 cents above the 62% fibo (14.12) retracement from the move up from 8.94 to 22.50. The H&S target is 8.99 so it looks like it is almost there. If it bounces at that area then I think a move up to 12 area is possible. That would be a 25% move and is in line with a series of support tests at 12 and also the last two gaps...one up and one down...were in the 12 area. Very interesting chart. What are you guys seeing in BEAS chart. I hope that you don't mind me posting my thoughts on it. I'm not a pro by any means but I do like certain chart patterns and an H&S is one of my favorites. Cheers!