lcav Message Board - Msg: 4635735

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Microcap & Penny Stocks : lcav

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To: Harry W. Lowe who wrote (410)	5/28/1998 10:08:00 PM
From: Manny Gugliuzza	of 942

yes but your lines of supports are very similar. for instance take the 233 weighted which is roughly 2.20-2.25. my final line of support drawn on a .10cent daily graph at fast quote from the .56 cent low thu the 1st week of march low resides at 2.15-2.18 lack of volatility,price movement is forming this well organized or should i say orchestrated price pull back under very low volume. watching today for a few, at midsession, i actually thought that trading was suspended. it was around 2pm and about 13,600 shares only had crossed. i am flying around to business wire news alert etc. and had a good laugh at myself. had there actually been a 45 min to 1 hour gap of trading? well after checking the trading at the end there were 75,000 shares traded in the 90 min. if this carries over in the am could see the 250 to 300 thousand shares trade day needed to confirm the short term positive trend and hopefully breakout soon. 10k and 4d stochastic turned positive 15-1-5-5 confirmed 13-5-7-7 confirmed 80k and 4d positive for the longer term also but only by 2-3% points and this has failed in the past. so i am not really ready to commit funds here yet either but we are very close here boys and girls. 9 day momentum at 0 and 14 day rising have not checked the 10 and 20 day MA for cross over yet but they are nearly touching on the exponential side. still must remember that at the ending of any triangular pull back there can be that stab down even after a quick test of the 3.40 area this may have already happened at 2.75 and many traders have just backed away to see what will come and nothing did for nearly an hour today. so i am looking for a strong follow thu tomorrow or within a few short days my previous estimate was 8 days so maybe by mid week this will have marked its course either above 3.68 or testing 2.62 and sling shot us again. good luck here time for another ride soon. ar.

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