Lizard King's Trading Swamp Message Board

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Strategies & Market Trends : Lizard King's Trading Swamp

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To: Willsgarden who wrote (4547)	2/19/1998 8:28:00 PM
From: TATRADER	of 7396

Bill, I took a look at PAIR...Nice Double bottom pattern...You bought near the low of the pattern so, you shouldn't be hurting too much long-term......Have pattern pegged at 30 by 15.00(first bottom is at 15) Second is at 17.50.......Neckline at 30.00...The stock did a 180 today, which leads me to believe it will test the outer Bollinger band tomorrow at 21.88....But I am skeptical that it will go any further, and reach my short-term target of 24.25 since the simple stochastic is at 73 with a price of 21.18 verses 78 when the stock was at 21.00...Likewise no pickup in the ADX indicator......Volume oscillator still in bearish divergence with price....I guess what I am saying is that there is still time to muddle a bit on the second bottom....Good luck....Mark

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