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Strategies & Market Trends : Rande Is . . . HOME

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To: Joe Smith who wrote (32424)	8/17/2000 9:00:06 PM
From: Mark Konrad	Read Replies (3) of 57584

LDIG...downtrend from high of 40 in mid-June. Had support at 28 when Rande put out an alert...it then broke the downtrend line at about 31 and roared to 37, easily to the top end of a congestion area between 34 and 37. The signal to exit was when it collapsed back through 34. There have been a few minor headfake buy signals at 26 through 28 since mid-July but these have not been confirmed by price movement above the downtrend. That said, mid-May and mid-June show very good support in the area of 20-22 (it touched that today). This is where a bottomfish may be worth the risk. Additionally, Rande has pointed out many of LDIG's fundamental strengths which ought to be considered as well. All in my opinion, of course, but does this help at all? Regards, Mark

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