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


To: Pullin-GS who wrote (4489)11/5/1998 6:30:00 PM
From: Kevin Shea  Respond to of 59879
 
Gizzards:

Beginning to put some biotechs on screen. Currently mostly oversold and awaiting correction. But two that are particularly interesting because of the bottom patterns are PDLI and CEPH. Both need to retrace but I believe that when they do we are set up for a leg 3 type rise or moves to neckline goals. ORG looks interesting after return to 12.5-13.5 area (fib retracements). Others are either testing resistance from below or have broken through and appear ready to retest resistances from top.

BTK, led by AMGN, BGEN and others, is ugly both weekly and daily. Index stocks seem to stretch out along the trend line with big boys leading and smaller firms lagging.

Kevin