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Strategies & Market Trends : Lizard King's Trading Swamp

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To: Paul Viapiano who wrote (4668)2/24/1998 12:04:00 PM
From: TATRADER   of 7396
 
Yes, I like CPRD...You have a double bottom with neckline at 25.00...
Potential of 7 points on breakout from 25.00...But right now we are mired in a trading range from 22.50-25.25....The ADX turned positive last night from 15 to 16...Question is tonight, did the ADX move up again...If it did, this could indeed be the beginning of the attack on 25.00....I usually wait for ADX to move above 20, before I pounce....Regards, Mark

P.S. If we have strength in SPCT at the end of the day today, I will probably initiate a position in that stock....
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