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Strategies & Market Trends : Lizard King's Trading Swamp

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To: james r. davila who wrote (2613)11/6/1997 8:37:00 PM
From: TATRADER  Read Replies (1) of 7396
 
james, I follow a different philosophy on playing the 50 and 21 day...
I have the potential for a reversal on MTIC pegged in the 11.50-12.00 area...However, I want to make sure I am not holding a stock that will zoom down and keep going....So I try to watch for a pickup in volume in my target areas, with the stock starting to gain upward momentum...
Granted this is difficult to do since I have that day job at chippendales, and regularly miss out on these reversals.....Good luck on MTIC....I will be out tomorrow for most of the day, so won't witness the historic event if it is to happen....Regards, Mark
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