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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 (3721)	10/8/1998 5:59:00 PM
From: TATRADER	Respond to of 59879

Rashid, as I have said before the DOW is a class Head and Shoulder Top.. Everyone take out your charts... Left Shoulder reading is 7400-8200 Head Reading is 7400-9200 Right Shoulder Reading is 7500-8100 We are now awaiting the final shoe to fall...If gold stalls here, and we get a Dow rally, I will join you guys in shorting...As many technicians have stated 7400 is a key level since it is the neckline of the Head and Shoulder Top...Once broken, my initial target is 7000......But actually as a technician I will have to say my downside then is 6200-6000....That is where I will start going long again...... Happy trading......Will watch XAU tomorrow, and if upward momentum returns to gold, I will be back.....Mark