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

To: wallacestevens who wrote (3331)	9/27/1998 3:44:00 PM
From: TATRADER	Read Replies (1) \| Respond to of 59879

ICOM--Pennant formation...Buy area on stock is 2.75-3.00 area...You are in consolidation phase...Movement on stock was from 1.75-4.25.... 50% retracement puts you at 3.00...Stock seems to be holding that area well...21 day at 2.50 and 50 day at 3.30...Next target area should be 5.50 once consolidation time finished...Since I am bearish on market, I would not enter this stock, because I want to be in and out basic stocks(except gold) in one or two days at most...Regards, Mark P.S. This was a real quick look...