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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 (4074)	10/19/1998 11:26:00 PM
From: TATRADER	Read Replies (2) \| Respond to of 59879

Hi Jack..agree with you on S and P...top price is 1100...However, it is losing gas fast, be lucky if it hits 1075 intraday.....Looks like Greenspan is allowing some of the troubled hedge funds to dump into this rally and get them off the hook...Always us little guys trying to pay for the sins of others... NEM looks to me to be building a right shoulder on a Head and Shoulders bottom...That means it may have a bit more downside yet...You are right about caution since the upward trendline has been broken...A move from 14 to 30 needs a good 50% retracement, and we have that now in the 22.00 area...My prediction is that it may test the 20.00 waters, but will hold like a mighty anchor in an Asian sea of debt...Mark