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

To: The Barracuda™ who wrote (8926)	5/18/1999 10:02:00 PM
From: TATRADER	Read Replies (1) \| Respond to of 59879

here is more on NEM On initial breakout of NEM on 4/12/99, we had a high of 18.87. Note how 18.87 held today..That will probably scare a few shorts...That high now becomes support on the downside. Today the fast stochastic 8 period was at 11.11. On the previous day, we had a higher price and the oscillator was lower(1.905). Today the price was lower but the oscillator higher..We call this a bullish divergence..Plus if you look at the fast stochastic, it has formed a triple bottom..Now I am not saying that NEM is going to glory over the next several days..I am just saying we should have a little spike, enough to make me a few dollars to pay the light bills..Unless something happens dramatically, NEM will be range bound in a new rectangle pattern from 17.50-20.37 for sometime to come...But you never know...Regards, Mark