Lizard King's Trading Swamp Message Board

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Strategies & Market Trends : Lizard King's Trading Swamp

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To: Pullin-GS who wrote (560)	8/20/1997 7:23:00 AM
From: TATRADER	of 7396

Paul, thanks for the excellent analysis of COMS...I like to see how traders think...I see heavy resistance at 57.56, so I would exit to be safe in the 57.00 area...My volume oscillator is confirming the upward price action...And you know I love the Bostonian Crossover indicator...As far as THQI is concerned, when it hits 15.00 before Christmas, I'll be sending you a coupon book to Rally's with the signature of the $2.00 man inscribed..Today THQI had a crossover of the zero line on the Price Rate of Change at 0.615....Relative Strength moved to just under 50 at 49....A move over 50 is extremely bullish...50 day sits at 10.62, so it is now on some day traders radar screens...-D1 is still winning at 27 while +D1 sits at 21, but +D1 made a good move yesterday to overtake its negative brother...Trend remains strong with ADX reading of 30...You may be right and this may be a run to the upward trendline breakdown at 11.00, and then repelling under the 50 day once again, but I am willing to wait on this one....Personally, I feel that when it fills the gap today, that that will be the last buying opportunity under 10.00 for the next 6 months....Regards, Mark

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