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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 (54290)	4/1/2006 12:29:19 PM
From: lexi2004	Read Replies (1) \| Respond to of 59879

NGEN...Think it's also important to note the volume. Looking at the first gap up on 3/16 the volume was huge. Notice how the volume kept decreasing as the retracement took place. Then you have huge volume on the next gap up and significant volume on the following day down, yet much smaller on Friday and if I'm not mistaken that's a doji which indicates to me after two black candles the it could very well mean a change and an upward direction. I'm looking at QUIK...It b/o of an ascending triangle,and that looks to be around 5.40. The stock ended the day on Friday at 5.74 so we've missed out a portion of the move up; however, I don't always concern myself in getting in at the lowest part of the move up as long as I feel there's enough in the move ahead to make it worth my while. Now ideally, it would move back and perhaps touch that area or close to it again; however, for two days the LOD has been close to that b/o. In trying to determine potential profits without even consulting fibs, it looks to me that the left hand side of that ascending triangle is from 3.67 to 5.35. That would be $1.68 range that I would add to the b/o at 5.40, making 7.08 the potential target. 7.08 - 5.74 (current price) = $1.34 potential gains. You have more experience with this type of thing than I do so please look and see if you are in agreement. Know you are big into patterns and the two I probably look for the most are ascending triangles and b/o from consolidation. I really like the ones that have been consolidation for a long time for as you know the move upward will be more pronounced. Lexi