Lizard King's Trading Swamp Message Board

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Strategies & Market Trends : Lizard King's Trading Swamp

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To: TATRADER who wrote (5759)	4/6/1998 12:34:00 AM
From: Christopher	Read Replies (1) of 7396

Mark, short term the markets are oversold but the intermediate and long term look very good. NASDQ and NYSE have formed almost an ascending wedge. If the market take a deep fall in the next two weeks then this wedge would be the reason. From looking at TA indicators, I think it could be six weeks before the market takes a good beating. The markets have extended almost in straight line up for a while now and it is time for some retracement. Good luck trading. Christopher

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