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


To: GTC Trader who wrote (618)5/28/1998 5:59:00 AM
From: TATRADER  Respond to of 59879
 
Happy, yes PTEC is close to reversal point....On stocks in mature downtrend as I mentioned on prior post, I look at two oscillators to give me reversal point...Both have to confirm...Right now the Ultimate is in Bullish divergence with price, but RS is still moving down at 24.97....Usually the pros, want to see RS move above 30 to confirm turnaround...But if RS breaks its downtrend, that would be my key for reversal at hand...I could not get a chart pattern reading for measurement of reversal point since I can only get my program to go back two years...Would like to have measured it back 7 years...Regards, Mark

P.S. MDIX smelled from the moment I entered it..Glad I am out with my shirt on...On my next post to Bill, I will re-print my false prophet list that warns about the professional stock promoters who frequent Silicon and lead the little guy to his grave...