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Strategies & Market Trends : Ask Vendit Off-Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: Gush who wrote (2672)	12/15/2004 11:51:22 PM
From: Walkingshadow	Read Replies (1) \| Respond to of 8752

Very nice chart. 139.142.147.218 I don't use PPO, but technicals look coiled with fresh buy signals from extreme oversold territory, and contracted BBs. Nice risk/reward profile there, if you consider the lower BB as a reasonable lower support area for a stop. T

To: Gush who wrote (2672)	12/16/2004 7:17:19 AM
From: Vendit™	Read Replies (1) \| Respond to of 8752

DaGushman, LVLT appears to be moving off of a short term bottom based on the chart below. 1- I set the stochastic indicator to 5-3-3 and it is showing a buy signal cross-over occurred yesterday in a perfect area under 20 on its scale. 2- On Tuesday the daily candlestick formed an “inverted hammer” which indicates short position covering. 3- On Wednesday the daily candlestick formed a bullish engulfing shape meaning that the daily range was as low and higher then Wednesday’s trading range. This shows me that buyers are moving in and taking long positing. (Bulls out number Bears) 4- The main body of the candlestick on Thursday broke above the 20-DMA which is a mental upper resistance so I would expect a move above the 20 DMA today. 5- The Bollinger bands are beginning to tighten down around the trading range and this shows that accumulation is taking place plus that volatility is growing to an explosive stage. (upward momentum is growing) 6- William’s % R has just moved off of its bottom range and is showing a new up trend is highly likely. 139.142.147.218 In other words I think that LVLT is a good candidate to move up for a few days from here if the market holds up. It looks like you made a nice pick. Reid