Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: JACK R. SMITH JR. who wrote (3893)	10/13/1998 9:00:00 PM
From: TATRADER	Read Replies (2) \| Respond to of 59879

Jack if you can give us the name of some over-inflated retailers for us to look at, please submit to the thread....Two gold stocks that are preparing to reverse are NEM and PDG...I got in early today again(always seem to pull the trigger too quickly) My take on PDG is that it tests the 13.50-13.87 area, and buying comes in and reverses...Also the same sort of scenario with NEM, it tests major support at 22.50, and then gets hammered by buying...Even some pension funds are getting in the act and buying gold funds and stocks...You can't get higher quality for us old timers than NEM and PDG...My fast stochastic 8 day is now oversold....Usually when this happens on highly volatile stocks is that the stock still tries to test the downside, but then is met by fierce buying....I hope this is the case tomorrow, because I am getting this feeling that they will take out my stop on NEM, and then propel it upward....Have to decide if I want to remove the stop and use a mental one, like I did the last time on NEM....I have now moved my upside target on the S and P to 1075-1100..But that is the highest I see it going for the remainder of the year.....Then Armageddon in the first half of next year...Mark