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

To: TATRADER who wrote (2227)	8/7/1998 7:18:00 AM
From: bazan	Read Replies (1) \| Respond to of 59879

Mark, OSX - Is this not also a rectangle pattern 128 - 95? (please check the chart as I'm sure Im a little off or not a rect pattern at all). Thereby retracing ~33 putting the bottom at 63. We hit 62.43 yesterday and closed up 65.57. I was reviewing your comments on $oix and you indicate checking RSI. Well rsi is also near low (closed at 23.59) but I don't know what to compare it to. I guess it should also begin turning up if the reversal is truly in hand. And one last question. 1,2,3,4 I know you explained this before but tried doing a search,no luck. Can you or anyone else point link me to your previous post. TIA Regards, bazan PS - I've been holding on to VRC for awhile and sure hope the reversal is around the corner.

To: TATRADER who wrote (2227)	8/7/1998 8:12:00 AM
From: dealmakr	Read Replies (1) \| Respond to of 59879

Mark, I don't know how big a bounce we get in the OSX sector, but a lot of these stocks were oversold. Tensions in Iraq and other places will lend some support to crude prices IMO and possibly have some covering of the futures, but overhead supply definatly a large problem. Am playing close to the vest here. If general market weakens again could see another selloff and retest of lows. Volitility on this sector makes for some good daytrading opportunity, but probability of rapid movements in price either way is high. Also TAVA heading down again with support at 5 1/4, don't know if its a good play but will be watching. Dave