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Strategies & Market Trends : Lizard King's Trading Swamp

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To: John McCarthy who wrote (4589)2/22/1998 4:56:00 PM
From: TATRADER  Read Replies (1) of 7396
 
John, I track BIOX....You have double bottom pattern of 27.50 by 32.50....Target of 37.50...Should make earnings run at target within next 2 days...As Lizzard has stated, don't hold over earnings, take your profits before....ADX has been increasing steadily at 13,14,16,18,20,22....Extreme Bollinger Band reading at 34.37...Stock closed outside band, shows strength...MACD Histogram and Pring KST confirming trending stock....If I was in this one, I would probably have a GTC to sell at 37.00, and take another 2+ points from closing price on Friday....Good luck, just an opinion....But good pick.....
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