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

To: Barney who wrote (484)	5/21/1998 11:50:00 PM
From: TATRADER	Read Replies (1) \| Respond to of 59879

MCTI, bottomed in 1.21-1.25 area...A good buy at these levels for a longer term investor...My only question is how long do you remain at these levels?...MACD Histogram is giving a 3 day reading above the zero line, which gives me hope that a new trend is to be born...However, ADX remains stuck at 17, and I like to see this moving together with histogram to display that trend is definitely in effect...Downward trendline remains at 1.67....RS still under 50...So for now, I stand aside...Good luck...Mark