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

To: TATRADER who wrote (8168)	4/17/1999 11:02:00 PM
From: john rieck	Read Replies (1) \| Respond to of 59879

Mark: How much volume is needed for PTEN to spring into the mid 6's and beyond? 3/28 volume was 5.2m, but the day's high was only 5 13/16 and that was exceeded Friday with the high of 5 15/16. 3/29 volume was 1.3m, with the high of 6 7/16. The next 2 days also saw some time in the 6's, with volume totalling 1.4m. IYHO, do you see better candidates for near-term oil sector gains, or is PTEN as good as any?

To: TATRADER who wrote (8168)	4/17/1999 11:26:00 PM
From: Jon K.	Respond to of 59879

Mark, thanks you so much for the analysis. That was very helpful. I thought one thing was quite interesting; I placed my limit sell order at 42 and you came up with 43 and 42.50. Yes, this is my position trade but I expect this stock to reach the target within a month. One question: how did you come up with 32.87 as a bid confirmation? It was quite amazing to see how two different patterns gave us the same results. I'd like to study more about your TA method. Could you guide me the best way to study? Thanks, Jon