Lizard King's Trading Swamp Message Board

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Strategies & Market Trends : Lizard King's Trading Swamp

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To: Dante Sinferno who wrote (4184)	1/28/1998 6:17:00 PM
From: TATRADER	of 7396

Robert, there is so much overhead from 9.25-10.00, EGGS will need a snow plow to remove it....A definite safe short anywhere above 9 with present volume levels....Neckline as you labeled it at 8.00....Target of 5.00...Looks like it will stop at 7.50, 6.50, and 5.50, once neckline is broken...Even in an up market this looks like a conservative short...However, I would not short it at present price, since I would not want to get stuck in mud while it makes up its mind which way it wants to go... I would short it above 9, or on initial takeout of neckline at 8...Mark P.S. Keep those patterns coming....

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