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 (792)	8/26/1997 9:17:00 PM
From: TATRADER	of 7396

Paul, I will have to sit this one out....The Relative Strength of DMMC dipped below 50 today....Further the +D1 is at 25 and the -D1 is at 28, which continues to display a downward trend...ADX sits at 23, displaying a weak trend...Remember an ADX over 30 gives us a strong trending stock...Yes, you are buying at the 50 day which reads 11.47, but I would rather catch the momentum on an expansion pivot breakout from 50 day rather than play the waiting game...One bright spot, the upward trend line has been touched three times and not been breached, and right now the stock is sitting on that trendline again at 11.50...A 3% violation of this level would spell big trouble, but of course, if you create a large volume upward move away from it, you will probably prove me wrong as this stock zooms to new heights tomorrow... Good luck....Mark P.S. You remain the best custom indicator maker on Silicon!!! Thanks again for all your help...

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