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

To: Gush who wrote (2736)	12/20/2004 6:59:24 AM
From: Vendit™	Read Replies (1) \| Respond to of 8752

DaGushman LVLT 139.142.147.218 I move the stochastic setting back to a slower pace, 15-5-5. You can see that stochastic is showing that LVLT is crawling in the 20 area which is the buy zone. At the same time the Bollinger bands have moved in tight around the trading range which indicates that the stock is under accumulation. The next interesting thing that I see is that Friday’s candlestick is a hammer. Notice how its trading range moved to the lower band and then “bounced” off of the band to form the hammer. This shows me that buyers are interested in the stock at that lower level. All of the above add up to LVLT positioning itself for an explosive move up sometime in the near future. That move up should take it to about $4.00. Reid