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

To: Trumptown who wrote (1759)	7/24/1998 11:18:00 AM
From: Charles J. Wajciechowski	Read Replies (1) \| Respond to of 59879

Sting-Ray, I am not sure about CAGI, but Mark did an analysis of BNTI a little while back. His comments: Message 4519031 So far, I believe he was 'right on the money'! Charles

To: Trumptown who wrote (1759)	7/25/1998 2:51:00 PM
From: TATRADER	Read Replies (1) \| Respond to of 59879

sting... CAGI pattern is 1.13 by 25 cents...Difference is 88 cents...Target should have been 2.01...Looks like TA missed it by 11 cents... ADX strong at 44...Would not be a buyer yet since fast stochastic 8 day still giving reading of 66...Either I would wait for stochastic to move under 20, and then move above 20 to entertain opening a position, or would be a buyer on the retest of neckline in the 1.10 area, where volume and upward movement apparent from that level...Consolidation area should be in the 1.30-1.40 area...Also would be a buyer on takeout of old high.... BNTI Trading range stock from 62 cents to 90 cents...Upward trendline broken at 90 cents...Stock below 21 day at 75 cents and 50 day at 72 cents...Volume study reveals diminishing volume as we approach the support area, which is good... 20 Day volume=320,500 10 day volume-209,700 5 day volume-159,840 3 day volume-171,467 Since ADX is weak here, I would not enter this stock...However, there is a potential play of buying in the low 60's with the hope of a reversal and exiting again near 90 cents...However, if 62 cents breaks on strong volume, look out below.... Mark