Rande Is . . . HOME Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Rande Is . . . HOME

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: johnsto1 who wrote (33634)	9/3/2000 10:31:11 AM
From: Kevin Shea	Read Replies (1) of 57584

LEXG TA --- to begin with we have to look at it by viewing the daily, 60 and 15 minute graphs since we only have 4 months or so of data... DAily trend turned net positive 4 days ago following a set of positive early indicators we have all the right crossovers--- so the trend is up This is supported more long term by the "limelight" effect. (Both the issue and the sector) The recent downturn looks to be a "normal" Fib decline of 66% ( after such new cycle often start _ so we may be seeing the next new wave from 26 or so ---- Fib based projections suggest a move to 42 which present some resistance IF we get none then 68 is a goal longer term ( a few weeks) after a few ups and downs and sideways.. The 60 shows supporting strength with ST break out 2 days ago ...LEXG running on Upper BB in both daily and 60 -- which is strong... a daytrade would be to sell the move over the upper BB and rebuy the dip ( heavily if it touches the 20period MA ) 15 minute showing weakness and an opportunity to get in at 35.25 or so... On fast moving issues like this I usually place very tight stops just under the 60 min upper BB particularly if the move too quickly above the BB..E.g. It is spike above 42 to say 44 I'd place a stop at 42 or possibly even exit for a reentry lower... TA is not an exact science!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next