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Strategies & Market Trends : Lizard King's Trading Swamp -- Ignore unavailable to you. Want to Upgrade?

To: stock talk who wrote (2528)	11/2/1997 3:26:00 PM
From: LzzrdKing	Read Replies (1) \| Respond to of 7396

VOXW is a trading range, a classic bull/bear struggle, 5-6 3/4, a nice range to trade in, with a rising 50 day. Vol has really died out.

To: stock talk who wrote (2528)	11/2/1997 5:29:00 PM
From: TATRADER	Read Replies (1) \| Respond to of 7396

stock talk, Lzzard is right on....I peg the rectangle pattern from 5.25-6.75....I have a target of 9.18 if we can ever take out 6.75 on the close...You have professional traders dumping in the 6.43 and 6.68 area as I studied past volume...They seem to be accumulating in the 5.37 area....If I sense what they are doing on this one, we should see a shakeout in the next few days...My ultimate oscillator is in a bearish divergence with price, so it tells me that they may want to test the downside, and then reverse this stock...To get your blood pressure rising they may take it under 5.00...As long as it closes above 5.25 or higher(3% allowance=5.10 for one day only), the pattern holds...You want to nail it when they do their downside reversal...I am still waiting for them to try it again on COBR......Keep your eye on RSI....I have a reading of 50.35 as of Friday...Two days below 50, and I would bail as a position trader...They may take it under 50 for a day, but two days makes me nervous...If the stock closes under 5.25 two days in a row, say goodbye to pattern, and hello to new trading range, 4.00 to 5.25.... Regards, Mark P.S. +D1 at 21 -D1 at 20 ADX at 29.....Trend is weakening, and volume decelerating, so I believe the pattern from 5.25-6.75 should hold....