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Strategies & Market Trends : Lizard King's Trading Swamp

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To: LzzrdKing who wrote (695)8/23/1997 8:29:00 PM
From: TATRADER   of 7396
 
Lzzrd, I know you usually don't answer questions, but I'll try anyway...In regards to RATL, would this stock on a chart constitute a triple bottom formation with the neckline pegged at 20.00?...Measuring the first bottom from 10.00 to the neckline, gives us a long-term,(before Christmas target of 30.00 a share) I have congestion at 19.87...Stochastic is heating so I anticipate the initial pullback to take place in the next few days in the 20.00 area...RSI is showing a nice progression of 51,53,58, with a +D1 crossover on Friday...Very bullish as you know...There are some decent comments from a press release on the RATL thread for you to look at...You probably already have...One last question for a rookie day trader, what is a jiggle? Please don't tell me its Robet on the dance floor at the Outback doing a line dance?...Thanks from a member of the lost world of traders, An aggressive TREX trader....Mark
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