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

To: Mike Delaney who wrote (3043)	9/14/1998 2:52:00 PM
From: Rashid Garuba	Read Replies (1) \| Respond to of 59879

Perfect bottom on DMMC on Thursday. Stochastics rising from bottom. Low risk entry point to me.. Looks like market bounce over. Tomorrow will tell all. Developing a clear trading range between 7500 and 8000. That's good. Rashid

To: Mike Delaney who wrote (3043)	9/15/1998 12:09:00 PM
From: TATRADER	Read Replies (1) \| Respond to of 59879

DMMC, Lizzard lost his shirt on this one...Of course he sets tight stops, so the damage was minimal...Yes, stochastic and RS are oversold...But it would be safer to buy when stochastic moves above 20 and RS moves above 30...Stochastic was 8.50 yesterday and RS was 22.69...ADX was still increasing, so I would wait...I like to see ADX pause at the same number for a few days or decrease in value(when stock is in a downtrend).....Smoothed rate of change is still down.... Still looks like distribution to me....Mark P.S. The ITEQ that I said would tank, really tanked...I was just a bit early in my call as I was on the oil market....