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Microcap & Penny Stocks : lcav
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To: Harry W. Lowe who wrote (330)5/2/1998 4:51:00 PM
From: Manny Gugliuzza  Read Replies (1) of 942
 
interesting pull back Harry, check the weekly charts, this is nearly identical to the previous 1.25 to 2$ push except for the closings, and of course the height and size of the trading.

2 strong up weeks then 2 faltering, again with that reduced volume on the pull backs.

if this holds true this next week should be a new thrust.

the left shoulder from july to oct may never see the right side completed, as i once thought would happen but i guess still possible.

with the strong momentum and public awareness following this industry now, market psychology is in our favor.

either way another strong move is coming from this flag formation as sloppy as it looks it is just more consolidation. but it could lengthy out a little longer.

maybe another test of 3$ ?

still accumulating and good luck to all still here.

ar.
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