Lizard King's Trading Swamp Message Board

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Strategies & Market Trends : Lizard King's Trading Swamp

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To: Instock who wrote (4163)	1/27/1998 10:46:00 PM
From: TATRADER	Read Replies (1) of 7396

Instock, what did you do to JPMX...It looks like you punched it in the stomach..Wish I would have read your post before now...As far as I am concerned, I would not short at this point...Too dangerous...Would probably play a short on a retracement toward neckline at 17.50... Would use fast stochastic 8 day, watch for move over 80 and then deceleration, would short on that overbought condition...Probably doesn't have enough strength even to get close to neckline again... Reason I stand aside, stock has hit my target of 10.00 HST-Head at 40-neckline at 25.00---Long-term target of 10.00 Second pattern-Double Top---25.00 by 17.50....Neckline at 17.50... Target of 10.00... Take care, and keep those good shorts coming....Mark

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