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

To: dealmakr who wrote (2180)	8/6/1998 8:19:00 AM
From: TATRADER	Respond to of 59879

Dave I just looked at the Oil Index(OIX), and the pattern is 285 by 255...That is a difference of 30...Subtract from lower part of rectangle and you get a downside target of 225 on the Oil Index.... So we are getting very close to the bottom...I don't have the Oil Index or the Semi conductor index in my data base, but if you do, keep watching the Relative Strength indicator, and see if it is making new lows with price..Also use the 1,2,3,4 method now to determine the bottom...3 lower lows or 2 lower lows and an inside day...If it follows those guidelines, watch to see if it takes out the high of the previous day to determine potential entry...My stops got taken out a while back on PKD, but I plan to re-enter soon...Regards, Mark