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

To: Malyshek who wrote (57536)	2/12/2007 7:50:31 PM
From: TATRADER	Read Replies (6) \| Respond to of 59879

BSM-spike with a ledge pattern...A rectangle, as I see it measuring 4.75 by 6.50...That means you are looking at an 8.25 eventual target...Also ascending triangle measuring 4.50 by 6.00, projecting an initial upside target of 7.00...Looks like it already touched the ascending triangle target...I have ADX sitting at 23, so trend is still safe....Stochastic 20/80 most reliable indicator for profitable trading..It called for a sell at 7.00...Now you have to get that stochastic back down to the 20-30 area for a rebuy... Regards, Mark