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

To: bdog who wrote (117)	5/6/1998 6:50:00 AM
From: TATRADER	Read Replies (3) \| Respond to of 59879

bdog, I think Doug is mad at me...I once challenged him on an APCO call for a pullback, nailed it,and kind of made him look bad...I did not mean any harm..Doug is very good, there is no question about that..With me, I am always striving to learn, improve, drain traders brains of their knowledge... Here is what I have found on potential breaks from neckline Let's use the educational stock of the week: WAST 1)Stock should be above 50 day when it approaches neckline 2)ADX should be dormant, and moving up from teens into low 20's... WAST has moved up from dormant state at 17 to 22... 3)Volume should be increasing with price 4)Stock should be closing higher than at its open... 5)Historical volatility of 6 and 10 day should be 50% lower than 100 day volatility Now these are the reasons, I sit and wait in this stock...IMHO, this stock is going to break, up or down, very soon....My concern of getting burned on this stock is OVERHEAD...There is a lot of it at 2.50 and 3.25.....It will take an upcoming press release with HUGE volume to take it out...Now the question, are the technicals saying some news is coming....My bet remains on news coming... But I am here to learn....WAST will soon teach me something...Hopefully something positive....Mark