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Strategies & Market Trends : Lizard King's Trading Swamp

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To: james r. davila who wrote (3707)1/7/1998 7:59:00 AM
From: TATRADER  Read Replies (1) of 7396
 
james, ITEQ is going into 10.00 on low volume, which is a good sign for the longs...However, when a stock hits a key support point, angry volume should pick up and whirl it up....Still a possibility.....However, ITEQ continues to lose its relative strength...It needs a power booster soon....If you are looking for a reversal point if 10.00 is broken, try 7.75-8.50 area...I still have to March 1, 1998 for that to happen according to my prediction.....
By the way, there is a nice double top in the S and P....900 is the neckline....Regards, Mark
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