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

To: Rashid Garuba who wrote (3618)	10/6/1998 9:30:00 PM
From: TATRADER	Read Replies (1) \| Respond to of 59879

You should be a psychologist Rashid...We didn't exit yesterday because we were feeling good about our profits(you with your 10 point short AVID score)...Emotional cockiness was the culprit.....You know as I look at gold stocks, if they close strongly, it doesn't always mean the momentum will continue...I think the probability is a lot less than the average stock...Emotions play a definite factor...I did a Gann Retracement on ASL a couple of days ago, so I knew that the 8.50 level was major support, but it was only a positive mistake(setting a stop limit) that saved my hyde...When I saw the stock bounce off of support strongly and move back to 9.00, I quickly removed my limit stop....Then watched it the rest of the day...I have calculated where the pros will take profits tomorrow on ASL, so hopefully, I will be out before they are...Maybe, we will have to include the mental stop on some of these gold stocks...I still feel the signs to exit ASL temporarily were there...A weak close at 9.50 when the high of the day was 9.87....Regards, Mark