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

To: Dave Baker who wrote (614)	5/27/1998 3:25:00 PM
From: Dave Baker	Read Replies (1) \| Respond to of 59879

CMI... Nothing but buys coming in. Now 6 by 6 1/8. Dave in KC

To: Dave Baker who wrote (614)	5/28/1998 5:50:00 AM
From: TATRADER	Respond to of 59879

CMI...Long mature downtrend...Due for reversal kick...On long downtrending stocks, I use two oscillators to determine reversal point, they are the Ultimate Oscillator and the Relative Strength Oscillator...check them out and you will find bullish divergences at these lower levels...Example RS on 5/20/98 was 23.17 Low of day was 5.12 RS on 5/21/98 was 29.63 Low was comparable at 5.37 Observation: RS was not making a lower low, but rather rising significantly.... RS on 5/27/98 was 37.62..Low of day was 5.50...Note how RS again rising even though price was pretty low at 5.50.... You can find the same thing happening with the Ultimate Oscillator...Stock making lower lows but Oscillator up...Bullish divergences... I would say you have potential in the reversal for a move to 7.12 area...So good job bottom hunting....However, I will pass on this one for now.... Regards, Mark