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

To: Charliss who wrote (4069)	10/19/1998 10:21:00 PM
From: TATRADER	Respond to of 59879

When the XAU turns around, I probably will be back in DROOY... Here are a few reasons for my departure at scratch... 1)High volume and little price movement at neckline...Smacks of distribution... 2)Historical volatility of 6 and 10 day 50% below 100 day...However, the close was lower than open...This signaled a potential downward spike back to 3.00 area...If the hv would have had a positive price close, I would have remained long.. 3)Smoothed rate of change down.. 4)ADX dropping from 53 to 36.... 5)Saw a lot of traders hitting the bid, and bid volume diminishing... 6)Failure to make higher highs... These are a few reasons, enough to make me bail at break even...But I will tell you, I like to buy on breakouts from a neckline...So I haven't written this one off.... Mark