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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Paullie who wrote (31790)	8/11/2000 9:21:42 AM
From: JLS	Read Replies (2) \| Respond to of 57584

Paullie, in response to your TA request on LPTH, and I hope Mark and Kevin will weigh in also...so that we can compare our analysis. The indicators are negative on a 60 min chart. ADX looks like there is still more room to the downside. There is a fairly strong line of support, although only lasting several days, in the $29-30 area which is right where we are now. The next support is 26. On the weekly chart it looks to me like if the price goes to 26, that will be low enough to have the indicators ready to move up again. The Williams and RSI, two that I use as early indicators don't have much further left to go down before they will want to turn up. So things would have to get real bad, IMO, to take us below 26. I'd love to hear other takes on the situation. Julie My 60-min chart is on Qcharts which I'm unable to post. askresearch.com