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

To: Jon K. who wrote (8137)	4/17/1999 10:38:00 PM
From: TATRADER	Read Replies (3) \| Respond to of 59879

got a little time tonight to analyze a few stocks...Tried to download info on EGHT for Shanker, and dial data, wouldn't allow me entry... IDTC analysis Study first the volume..It tells a story.. 50 day=163,122 20 day=211,680 10 day=343,120 5 day=265,154 3 day=197,450 On balance volume with variable smoothing shows steady accumulation... Look at the 50 day, 20 day, and 10 day progression upward..Next, Simple On balance volume shows that volume levels have gone down the past 5 days...This tells me that the selloff is losing downside momentum, and the upswing is soon to continue, as it did on Friday... Note we had a 1,2,3,4, if you observe the closes of the prior 3 days before Friday..3 lower lows..Note how on Friday the stock moved above Thursdays high, another bullish sign.. Now to patterns, you have two that I see initially... First the flag pattern, measurement is 35 by 17.50(base of flagpole is at 17.50 and top of pole at 35)..Subtract the difference and you get 17.50...Now add 17.50 to the conlidation area of the stock, which I peg at 25.50...You get a six month target of 43.00 a share... Or let us measure the other pattern on the chart which is 27.50 for the neckline by the base at 12.50...Difference is 15.00..Add 27.50+ 15.00 and you get a target of 42.50...Amazing on how two chart patterns of the same stock have close target prices... This is a position trade hold...Something I usually don't enter because of time period to get to target area...Would wait for 32.87 on bid for confirmation of upmove continuing at this point... Regards, Mark