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

To: JACK R. SMITH JR. who wrote (8840)	5/14/1999 10:47:00 PM
From: JACK R. SMITH JR.	Respond to of 59879

Trader, I wish to reopen the discussion on PAP. Looks like it has failed to reach your breakout point and my breakout point, so I will now look for support at around 8.00 ish, I am not as exact as you, but I see next support at around 6.00 ish. Forgive my sloppy forecast, but I am sloppy in my TA. Failure to make a new high leads me to look for a new low or at least for a new support level. Certainly interesting action in the S&P 500 today from resistance to support in one trading day. Forgive me for relying on simple tendlines and support, for those are truly basic, but sometimes overlooked and forgotten! Regards, Simple, Jack!