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

To: sammy levy who wrote (231)	5/9/1998 8:00:00 PM
From: TATRADER	Read Replies (2) \| Respond to of 59879

Samy, measure the pattern on AILP...Draw a straight line across the 4.00 area on the chart...Then measure from neckline to base of pattern..You get 50 cents...Take the difference....Add 3.50 to neckline at 4.00, and you get 7.50...Sorry, it is a bit higher than I first calculated....Sometimes in a strong bull market i use a Fibonacci ratio of 1.62 X the difference from neckline to base of pattern and add that to neckline...Regards, Mark