Lizard King's Trading Swamp Message Board

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Strategies & Market Trends : Lizard King's Trading Swamp

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To: TATRADER who wrote (3948)	1/19/1998 3:45:00 PM
From: Saulamanca	Read Replies (1) of 7396

Out of all the stocks in the oil & gas sector that I follow, GIFI is my favorite right now. Double bottom at 15, strong support going back to July. Previous double bottom 11/24 - 12/1 that rose 8 3/4 pts. but this one stands out in P & F charting. Broke the downtrend from the high on 12/9/97, but not the longer downtrend from the peak in Oct. oscillators show possitive divergence. In a perfect world, this one rises over the next 2 to 3 weeks into earnings to hit 28 3/4, then backs off to complete the right shoulder of a perfectly formed H & S bottom. Somebody pinch me. Mark, glad to see you on a roll. Jim

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