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

To: freelyhovering who wrote (554)	5/24/1998 6:49:00 PM
From: TATRADER	Read Replies (1) \| Respond to of 59879

ELGT, ADX has been moving down...From 43 to 33...Merely announcing at this point consolidation phase...Fast stochastic 8 day sitting at 13...I am watching for a move above 20 to give me an early warning of the stock gaining back its upward momentum...Recently when the stock was up in the high 3's, I mentioned several stocks for IRA possibilities...ON that post I mentioned ELGT in the 3.00-3.50 area... I still hold to that....I am going to try and buy this stock next week on a dip below 3.00...Hopefully, around 2.75 on the reversal...A similar story on ONTC at 3.87, but now that I have mentioned it, I probably won't get my shares below 4.00...When the stock dipped below 3.00 on 5/21/98, did you catch where all the volume was? If it was when the stock dipped under 3.00, all remains well, as someone would consider sub 3 as a good buying opportunity...We break 2.50, the stock is in serious technical trouble...Not worried yet, and waiting to pounce....Mark