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Strategies & Market Trends : Lizard King's Trading Swamp

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To: majormember who wrote (5159)3/16/1998 8:54:00 AM
From: TATRADER  Read Replies (2) of 7396
 
Skane, I have not had the time to calculate overhead here, to see how many more days it will take us to break out of the mud at the 5.06level on SNRS..But the continued high levels of volume tell me it won't be long...I am looking for the run to meet a minor wall in the 5.62-5.87 area...But we will move quickly to this level once the bid moves above 5.12....
I am fastening my seat belt and will wait this one out...If volume shrivels, we are in trouble, but ADX is right where i like it moving up in the 20's, the early signs of a trend...It was at 26 as of Friday...Regards, Mark
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