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

To: Bart Hoenes who wrote (8121)	4/18/1999 7:55:00 PM
From: TATRADER	Read Replies (1) \| Respond to of 59879

KBH- Keep your eye on 29.00 on the bid, at that point, I would be a buyer and sell into 31.00 area for 2 points... You have the famous Jack in the Box pattern..Most of the times we have seen this setup by Cooper it has turned out to be a DUD... Basically the stock does a 60 day high, then on day two has an inside day, lower high and higher low..On Monday, if indeed Jack is in the Box, you need a takeout of Friday high..29.00 area..If she doesn't hit, you don't enter...The two most reliable indicators on KBH are Time Redundancy and Moving Average Crossover.. Moving Average Crossover gave a hit at 27.56 and Time Redundancy gave a hit at 27.75... So opinion is that it looks good for potential Jack in Box... Otherwise, if you have several inside days off the 60 day high, it turns into an Extended Level Boomer..Then we still wait for move over initial breakout day high at 29.00... Good luck... I have to get back to work for two hours tonight from 8:00 to 10:00 P.M., so don't know if I will get to look at any more stocks..Just had my morning briefing session with Trader Jeanne..She is ready to play a couple oil stocks, should momentum return, 2 potential poppers, and 6 possible tech picks... Regards, Mark