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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Doug R who wrote (2574)8/23/1997 3:29:00 AM
From: philip maun   of 79398
 
Doug,

Glad to see your awake right now. What do you think of LTXX. I bought in the other day and I'm not sure if it's going to continue trnding up or not. It recently broke out of a 52 week high and is now retesting the old resistance which is now support. The frustrating thing is I "felt" like it wasn't ready to go yet because the 14 day RSI's peak on the run to above 8 was weaker than when it initially broke 7 1/2. But nonetheless I bought in, and now a little TA from you might give me an idea if that was a good move. LTXX has gotten some good press lately and their numbers have been improving AND it's broken out to a year high. What do you think?

Phil
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