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

To: bazan who wrote (2354)	8/16/1998 7:09:00 PM
From: TATRADER	Read Replies (1) \| Respond to of 59879

APSG--Trading range stock...11.62-14.50 on upside...(Top of envelope channel was right at 13.25 where stock hit its head on Friday)Smoothed rate of change still in downtrend,so no signals yet of potential new uptrend...Lot of overhead above and you will need expansion in volume levels to convince me something is happening...Watch the 3 day, 5 day, and 10 day volume levels...Simple volume oscillator was in bearish divergence with price on Friday...Would stand aside at this point... One rule of thumb, I wish I would always follow...WHENEVER there is a press release, sell into it.....Most of the time you will be glad you did...Lizard King is always out before earnings announcements, and his overall profits display the results....Just wish my ITEQ hamburger call were for six months instead of 30 days...I would have won that bet with him, had I given myself a bit more time for that stock to tank....Regards, Mark