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

To: Dale Baker who wrote (558)	5/24/1998 7:05:00 PM
From: TATRADER	Read Replies (1) \| Respond to of 59879

Never buy at the open...The pattern on CLCK is 1 by 3...Giving potential target of 5.00....The smart money bought in the 2.50-3.00 area...Now where do you think they will take their profits?...My guess is in the 5.00 area.....Here are a few positives on this stock.....MACD Histogram is rising nicely, ADX moving up to 22....However, to me, it looks like an ascending flag which smacks of distribution already..Momentum and McClellan in bearish divergence with price...So I will stand aside on this one....Low volume upmoves always get me nervous...Regards, Mark