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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 (8722)	5/12/1999 8:14:00 PM
From: JACK R. SMITH JR.	Respond to of 59879

Trader, Thanks for your TA, and I know that your time is valuable. I have trouble seeing H&S bottoms, perhaps if I turn the chart upside down. I have no trouble with H&S tops. Are you projecting the top based upon the neckline of the H&S bottom? I have the advantage of another days data since you posted and see a close below the upward trendline. A cause for concern. I note that the last incurson of the MACD histogram below the line was for a period of two trading days and would also expect a quick turnaround here. My proprietary system also says that you have nailed the projected top! I see a small continuation wedge --on closer look a flat bottomed triangle. Can also see and verify your breakout point. Have ordered and recd your basic books and will read them over time. Currently digesting a day trading system for currencies--Top Gun--Tony Catalfamo--we will see! Very large range outside day in the S&P with close near resistance--could be interesting tomorrow! If we break that resistance we are looking for a new trading range. If not, back to support! Regards, and thanks, Jack