Lizard King's Trading Swamp Message Board

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Strategies & Market Trends : Lizard King's Trading Swamp

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To: Magnatizer who wrote (6335)	4/23/1998 12:16:00 PM
From: TATRADER	Read Replies (2) of 7396

david, don't thank me yet, only if you sell it profitably...We have a rectangle pattern of 2 by 4 on TCTV..Neckline at 4.00...The ADX is only at 17...I like to buy stocks usually when the trend is confirmed and we are moving above 20....This is a risky venture...We have 1.8 million shares of overhead at 4.00...We will need continued strong volume to take it out....Once taken out, it will be an intense move to the upside...But remember if we don't hold 4 on the close for two days in a row, we are stuck in the pattern....I have a sell stop set....Regards, Mark

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