Lizard King's Trading Swamp Message Board

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Strategies & Market Trends : Lizard King's Trading Swamp

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To: Jimmy Dell who wrote (4522)	2/18/1998 6:48:00 PM
From: TATRADER	Read Replies (2) of 7396

Jimmy, Lizard won't accept money...He told me to keep it...So I gave his money to pay the paper boy...Will go to Rite Aid to obtain necessary items on last day of February....Hope neutral color is ok... Don't want to create prejudice by selecting any other... I have been working with the ADX indicator...Been attempting to find double bottom patterns, or Head and Shoulder Bottoms, where we are coming to the neckline with an ADX moving up from the 20 area....That shows strength of trend...Then use RS to determine if peak is higher than on last attack at this price level....This way I am only dealing with strongly trending stocks....IDTI followed this thinking quite nicely....MECN follows the same thinking if you check the ADX, there you have a rectangle pattern from 6-8...By rights MECN should at least make an attack on 10.00 soon... Regards, Mark

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