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

To: Scott A. Trapp who wrote (742)	6/4/1998 8:31:00 AM
From: TATRADER	Respond to of 59879

ALLS, pass, suffering from volume deprivation.... Double bottom pattern..Pattern is 3.75 by 4.75.....I would be a buyer of this stock on a bid of 4.75, and would ride it to 5.50, where I would exit...Lot of overhang at 5.62-6.00 area, over 1 million shares of overhead... Presently ADX very weak at 11......Thus a trading range stock... 4.31-3.90 is the envelope channel..If she breaks the Envelope(which I don't think it will), we move to the Bollinger channel with trading range from 4.10-4.59..... Someone was bottom hunting a few days ago at 3.75...They may be sitting in the mud for sometime....Give me a wakeup call if we approach 4.75....Regards, Mark