Lizard King's Trading Swamp Message Board

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Strategies & Market Trends : Lizard King's Trading Swamp

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To: StoxRider who wrote (4812)	3/3/1998 8:07:00 AM
From: TATRADER	Read Replies (1) of 7396

Mully, good luck on your SPCT short...You have a rectangle pattern from 17.50-20.00..It is true we are testing the lower part of the pattern, and if we break it presents a 2 1/2 score on a short position...However, note the lower volume as we hit the lower part of the pattern compared to the attack on the higher part of the pattern...That tells me buying interest is stronger than selling interest...This stock has been hammered to the downside...I learned my lesson a while back about what stocks to short...If your bad news evolves,however, I will be eating crow...Good luck...Mark

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