Lizard King's Trading Swamp Message Board

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Strategies & Market Trends : Lizard King's Trading Swamp

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To: Dan Lisman who wrote (5324)	3/20/1998 9:51:00 PM
From: TATRADER	Read Replies (1) of 7396

Dan, according to Cooper's 5 day momentum plan, ISCO is a prime candidate...+D1 is greater than -D1 and ADX is at 35....Now run the 8 day fast stochastic and you get 34, close to very oversold area at 20...Cooper looks for a stock like this to zoom under the 20 area, and then when the upward momentum returns and moves the stock above its previous day high, you slam it...You may be early, but you still have a good price, since the 50% retracement rule put the buy area in the 2.00-2.50 area... I have to quit bouncing in and out of SBAS..The stock was in a pennant formation and measured 50 cents..Add that to top of pattern you get a target of 3.50...What I haven't like all along in SBAS, and why I keep jumping in and out is the RS, it is not making new highs on the peaks...But the rounded bottom with neckline at 3.00, keeps me hanging in there....May hop out again on Monday, we'll see.... Regards, Mark

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