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


To: Mike Sawyer who wrote (32201)8/6/2002 5:22:23 PM
From: Smiling Bob  Read Replies (1) | Respond to of 59879
 
Never said seat of pants.
Only said I've never really read up on TA.
I just look for patterns or irregularities that stand out.
TA labels them, I don't.
Today's intraday DOW for instance.
Look at spike from 10 am to 10:20
DOW moved sideways half way up, in 8275 area.
finance.yahoo.com^DJI&d=c&t=1d&l=on&z=b&q=l
Then look at 5 day DOW
It traded there a good part of Friday as well.
Factor in the psychology and sentiment floating around today, add a dose of momentum, and 8275 seemed a logical close.
See how easy???
finance.yahoo.com^DJI&d=c&k=c1&a=v&p=s&t=5d&l=on&z=m&q=l
edit
Mike prefers to keep it under wraps, but he bought a small lunar satellite with profits from my early calls
Message 7955268