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

To: Newly2b who wrote (55972)	7/29/2006 12:25:20 PM
From: Newly2b	Read Replies (1) \| Respond to of 59879

To add perspective, here is the AAPL weekly chart, showing a larger down-channel or Falling Wedge pattern. You can't see it in this chart, but price actually closed just above the upper falling trendline last week, and may have formed the second candle of an Advance Block formation. Need a smaller third green candle next week to complete the formation. If that occurs, price should reverse and retest the b/o from the Falling Wedge or could even reenter the Wedge. IMO if price reaches the target of the b/o from the Falling Wedge on the Daily (74) it is quite likely to continue on to the 86 target of the b/o from the larger Wedge. However, unless the greater markets stage a pretty spectacular rally into August, which is not out of the question, I would question whether price can reach that 86 target before a possible big drop in the greater markets in the Fall. The 74 target appears doable in the shorter term. As always, JMO, of course. Newly

To: Newly2b who wrote (55972)	7/29/2006 2:05:32 PM
From: lexi2004	Read Replies (1) \| Respond to of 59879

Newly, Excellent Analysis! You need to post here more.:) Yes, can see what you mean. I'm looking at Stochastic from October though part of December last year and it pretty much stayed in the over bought area all that time. What you are saying can only come from watching the stock carefully over time. I just recently started to trade AAPL. It's not one that I can remember ever trading in the past. Guess we all have our stocks that we watch and know and that is important. I'm not looking for a fill the gap play for me. I'm just looking to trade it short-term and make some money. Appreciate the extra info regarding running EOD. Newly, you have an feelings regarding market direction in the short-term? Lexi