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Strategies & Market Trends : Lizard King's Trading Swamp
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To: d. alexander who wrote (2639)11/9/1997 6:21:00 PM
From: TATRADER  Read Replies (2) of 7396
 
d. alexander, I don't usually respond to Lizard's mail, but since I have a personal interest in this stock, let me give my evaluation....Lizard may feel free to disagree with me, and if he does, I look forward to his technical input....

VOXW d alexander...You have a rectangle pattern from 4.87-6.50 on this stock....What you had happen on Friday was called professional accumulation....The stock attacked downside support at 4.87, and was repelled upward...Check your ultimate oscillator...You have a bullish divergence with price...If the stock had attacked 4.87 and gone through the level on heavy volume it would have displayed a breakdown in the pattern, and more downside ahead...Or if the stock would have hit support at 4.87 on low volume, and gone downward further, it would have shown me more downside ahead...Look at how FSON had support at 5.00 and went right through it on low volume without a reversal... Then not too long later it zoomed down to 3.75 on heavy
volume just before the poor earnings announcement.....I am no expert but this stock VOXW, is still rated A in IBD which means "Under Heavy Accumulation"....The smart money has just moved back in to play the pattern again.........

Regards, Mark

P.S. Another good shorting opportunity is DDIM
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