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Strategies & Market Trends : The Amateur Traders Corner

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To: lifeisgood who wrote (18187)1/9/2002 7:58:47 PM
From: Tom Hua  Read Replies (2) of 19633
 
LIG, who cares about news. Strictly on TA. The chart is forming a classic tea pot and handle pattern. I also detect the eyes and ears formation on the 5-minute chart. Stock has held above the lower Folliger band while Wave 5 did not break its recent low of 7.5. The 5-d MA just pulled ahead of the 14-d MA. All these combine point to an upturn in the not too distant future. That's my TA read anyway.

Regards,

Tom
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