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Strategies & Market Trends : Lizard King's Trading Swamp

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To: Harold who wrote (1845)10/5/1997 5:10:00 PM
From: TATRADER   of 7396
 
Hi Harold, I am going to keep SmartServ.Online...I was impressed with the guy at technical support, who went the extra mile to help me get up and running...1-888-467-3783...As a position trader, the service is perfect for me...I put in my 40 set-ups into the system each night, with alerts set for trigger points at a pre-determined price above yesterdays high or to sell at a certain price....Smartserv alerts me when those stocks hit my trigger point...Further, I receive Reuters News on all my watch list portfolio...When you are able to log in from work only around 9.45, 12.00-12:30 and 3:30-4.00, it is nice having all your stocks listed on real time, with alert warnings telling you which ones to look at first...Further,the system also allows me to see large block trades in a given security...However, its weakness is that I can't get a listing of trades for an individual security, prices of those trades,times of trades, and sizes for the entire trading day...I guess that will be my next step up on my journey to Nasdaq Level II...I am a tight wad, so I like the price as well 69.95 a month, plus fees to NASDQ,AMEX, and NSYE...Total cost is about 82.00 a month...A onetime set-up fee of 95.00....I have a two week free trial right now, but as of today, I plan to keep the service..

As far as FTSP is concerned, you have about 3 million shares of overhead to take out in the 6.12-6.37 area...YOu have taken out 1.1 million...The Bollinger band is from 5.01 to 6.31...So my take is that you will struggle at these levels, until the volume chews away the overhead....Now if I would have done all the research I did on this pick and Joes, I would'nt be eating crow on Lizard's DSIC.....I suppose when you do eat crow you do get Da sick....Next time I'll have to look at more indicators than just stochastics.....

Regards, Mark

P.S. If you subscribe to SmartServ, tell them Mark sent you...I will get a free month....
P.S.S. Friday I was home, and was trying to be a day trader with position trader clothing on...Need new software program if I am going to compete with those guys.(5,10,15 minute stochastic,RSI,Momentum,ROC,MAC,etc....)
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