Lizard King's Trading Swamp Message Board

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Strategies & Market Trends : Lizard King's Trading Swamp

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To: LzzrdKing who wrote (210)	7/28/1997 8:00:00 AM
From: TATRADER	of 7396

Lizzrd, presently we have a double bottom pattern....Breakout on the upside is pegged at 58.00...Overhead resistance at 53.00,55.00,57.00.. Volume has been diminishing as we come into support areas(good sign)...I would watch how the 48.37 area holds...If we pick up strong volume, you have your answer...Personally, I think we have a trading range from $45.95-$50.79....You have major support at 45.75....Always trying to play it safe I would attempt entry for a play between the support area and the 50 day...45.75-47.62....ADX is still below 30, so we are still floating down for now...Just took a brief look......TA trader...

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