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

To: Magnatizer who wrote (823)	6/9/1998 10:12:00 PM
From: TATRADER	Read Replies (3) \| Respond to of 59879

BOSCF...My take is that it is a false alarm....You could argue that we are sitting now above the pattern and that the MACD Histogram crossed the zero line today...However, the rule of a trader is that a stock must be two days above support at 6.00..This is day one...And is 6.00 truly the top of the pattern? You could look back on the chart and argue 6.50 as the top of the pattern... So I will still watch this one tomorrow before I would consider entry......Other concerns for lack of entry are RS peak is not higher on this break, the volume oscillator was down while price was up,(bearish divergence), ADX was down, and Momentum peak is lower ......Regards, Mark