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Technology Stocks : LTX Corp. (LTXX) -- Ignore unavailable to you. Want to Upgrade?


To: Logain Ablar who wrote (1849)11/29/1999 4:52:00 PM
From: Duane L. Olson  Read Replies (1) | Respond to of 2126
 
Tim, with you and John we have more, better analysis on this thread than on some with 20 times the traffic. On the daily chart, the stock pattern confirms your view that there is a little work to do.
beta.iqc.com
If the July pattern can be used for comparison, we are going to see the LTXX RSI fall under 50 before we can start looking for that next wave upwards. Stochastics are saying the same thing....and we can't look for the next run to be serious until the %k (green line) finally does an upward crossover again. I'll watch for your P&F reading as we get those RSI and SToch changes. Meanwhile, 'tis "relax and enjoy it" time <G>...
I did play a few hundred OBAS for chuckles, along with a few hundred CORL last week. If I had been here instead of cruising along the beach front today, I would have sold on that crazy run up. Might still be a chance of excitement if indeed CORL turns out to be a RHAT takeover target (a strong rumor on the boards, I hear).. These are speculations only, and I intend to raise cash from them and other sales for the (hopeful) December bargains. And I DO have to clean up the margin in one account before I take a hit like I did once last year -- thanks for the reminder!@
tso