Lizard King's Trading Swamp Message Board

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Strategies & Market Trends : Lizard King's Trading Swamp

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To: jluker who wrote (1371)	9/18/1997 8:45:00 PM
From: TATRADER	of 7396

John, a rectangle is a war between the bulls and the bears...The stock only goes so high before the bulls quit buying and the bears start selling...Then it goes down to a certain level with bearish selling...At an appointed level, the bulls start buying again...This can go on for quite some time...Take a look at VSAT...It was in a rectangle pattern sometime ago from 17-19...Draw a horizontal line across the chart at 19 and at 17...You will see the rectangle...Once it breaks the pattern you can usually figure a move of the distance from top to bottom and multiply by 1.62 for first price target... Since Lizzard has stated that this thread is for traders and not for education, I will have to honor that wish on this thread from now on....If he changes the format, I will be happy to respond to questions...Regards, Mark

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