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


To: freelyhovering who wrote (3383)9/29/1998 10:27:00 PM
From: TATRADER  Respond to of 59879
 
Myron, from a technical aspect PAASF did a HV Thrust today...That is the 6 and 10 day historical volatility was less than 1/2 its 100 day reading..Today the high low range was the highest in the past nine days...This is Vintage Connors...Those boys don't apply their strategies to low priced issues so it gives us a slight advantage....
As you study PAASF you will notice the buy low, sell high strategy can be employed here...We get the stock at 1/2 of its earlier 1998 value...The stock did a directional indicator crossover today as well...+D1 crossed over -D1...MACD Histogram is increasing nicely, and checking RS and stochastic, we still have legs on this run....In fact RS crossed 50, which is a bullish sign for many traders..Some of the same technicals can be said about SSRIF...I am just trying to play it safe with PAASF over SSRIF...I am expecting a few more days of weakness in the XAU....Will try to re-enter NEM and PDG tomorrow if the traders tank the stocks to my target levels for buying...Mark