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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 (121)	5/6/1998 8:29:00 AM
From: Jan Robert Wolansky	Read Replies (1) \| Respond to of 59879

Mark, your comment on APCO got me thinking. I remember your note on this, went back and found it: To: +danny brown (4067 ) From: +TATRADER Thursday, Jan 22 1998 9:44PM ET Reply # of 6631 "danny, I am still negative on APCO...If i calculate right there are about 3 million shares of overhead in the 7.25-7.50 area...In my opinion when we moved up today, it wasselling that occurred not buying....I see a flagpole formation, with an ascending flag...As you know,an ascending flag is bearish...When we pull back, I have first pullback area at 6.62, followed by 6.12-6.35 area, and then my long-term target of 5.75-5.87....If you check out the envelope channel, it is from 7.02 to 6.35, so you see I expect the stock to move back to my target areas very soon...Bollinger Bands give a similar reading of 7.15-6.22....Good to hear from you...". Looking at the chart, if someone had followed your advice and closed out their position, they would have missed a 100%+ move up from $7.00 to almost $15.00 over the next 3 months. Now, to be fair to you, I think that you were only focusing on the very short-term, ie, 1-2 weeks, and if this is the case, yes there was a temporary pullback which only served to flush out weak hands. Doug's "attitude" stocks are not very short-term calls, rather they are intermediate calls, and in the case of APCO, he was correct, it did have "attitude". Best regards, Jan

To: TATRADER who wrote (121)	5/6/1998 8:59:00 AM
From: bdog	Respond to of 59879

Thanks a ton for your time TATRADER, I will have to take a closer look at WAST. As far as drain braining goes, I'd like to plug into yours! Is your overhead knowledge something you came up with or are the calcs somewhere for me to find in a book? now where do I plug in this brain hose.....>g< bdog