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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 (538)	5/22/1998 2:03:00 PM
From: Willsgarden	Respond to of 59879

Mark, KUDOS....those were great results, with one hand tied behind your back! I've been trying a new strategy lately, I've been looking for sectors or industries, each morning by following the financial news, and releases after the previous days close that will show strength. Sometimes being sparked by M&A, earnings surprises, etc. Then I scan charts in the sectors, looking for breakout, bottom rev, or already trending up patterns. At the open, watch the creme begin to rise, and get on board. It has been working for me. I have no problem sitting on the sidelines if I'm uncertain. Market sentiment must also be positive. Therefore, I'm trading in a positive market envirnment, in a positive light in the sector or industry, with a positive TA on the stock chart. I rarely will trade the object of the news because it usually gaps up. I've been picking them, still need to cut the losers quicker. I may be happy with a day trade, but qualify all my picks as a position trade, one that I could make a few points on and hold for a few hours to a few weeks if necessary. I still have a watch list, can't ignore a great base with improving DX! The best, as always, Bill