Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: majormember who wrote (8646)	5/7/1999 5:25:00 PM
From: Jasman	Respond to of 59879

Any thoughts on CELL?

To: majormember who wrote (8646)	5/8/1999 9:57:00 PM
From: TATRADER	Read Replies (3) \| Respond to of 59879

just got back from U.P..Leaving at 6:00 A.M. for Gaylord..Will do scans tomorrow night...Read book on way, "Guide to Conquering the Trading Markets" by the gang at Tradehard.com Much to share...But quickly, the basics of Kevin Haggerty's main indicators.. 1.Slim Jim A. Stock above 50 and 200 day moving average B. Use your Five minute bar on your real-time system C. Watch for a time when 8 to 10 bars(about 40-50 minutes) worth, are in a consolidation pattern, a rectangle or possibly a wedge formation... on break from pattern, either short or go long depending on direction of break...Of course volume increasing on break and stock getting hit on offer side with Level II should also be happening...AX should be on inside BID for upward break and on inside ASK for downside break... 2. Devil's House(don't plan on going here on Sunday) Basically you have a Head and Shoulder pattern, that forms under the 10,50 and 100 day moving average..When it moves to take out right shoulder, you short...Basically the stock is already sick, and this is the last dumping by instituions...If anyone spots a Devil's House out there let me know....Will perform TA and exorcism...Kevin played this pattern in the book on SLB, when it crashed in December 98 from 50 to 40.... 3.Trap Door Stock has ADX greater than 25 and 14 period RSI greater than 50... Stock has at least 1 1/2 daily point trading spread...Stock above 50,200, and possibly 20 day moving average... Stock opens below previous day close...After second 5 minute bar, you observe a lower high and lower low(stock going down) on 3rd 5 minute bar(9:45 A.M.), you observe a higher high over against the second bar..This indicates the market isn't going to follow through on the bad news that caused the down opening, and a reversal may be in order...This is the earliest you can enter..Under normal conditions, wait for 4th or 5th bar.... Love these guys and their indicators.... Now to our LEVEL II Lesson of the night... You observe a 5000 or higher size on the bid...Let's say the stock price is at 15 on the bid....Now you observe the bid being raised to 15 1/16 with another 5000 size...Someone is hungry for shares...Make him jump, hit the ask with you and your buddies, and this institutional guy might get nervous and jump propelling this baby up a point or two....(Jeff Cooper calls this, "Stepping In Front of Size".... Got to get to bed, up early..Have to walk dog, no cigar, wife having nurse over next week to try and raise my term insurance....Have to get weight down to 250(so you don't think I am super blimp, I am 6'4)......Will be eating carrot sticks this week..good night everyone...Mark