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

To: Dan Lisman who wrote (1887)	7/28/1998 12:26:00 AM
From: TATRADER	Respond to of 59879

dan, on VLNK, it does not qualify as a Jack in the Box... A Jack in the Box has a higher low and a lower high(or equal to previous high) The low today on VLNK was lower than the breakout day.. You have here a potential slingshot, where the breakout day low, is taken out...Breakout day low was 7.62, today it was 7.37...Now if it is a slingshot you would buy 1/32 over expansion breakout day high... P.S. It is certainly worth putting on watch list if it approaches 8.62 again...Let us know ok!!!!!