Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: ForYourEyesOnly who wrote (2786)	11/16/1997 6:48:00 PM
From: TATRADER	Read Replies (1) \| Respond to of 7396

THC, IMHO, this stock is a trading range stock....You have an RSI that was in an oversold condition, and the traders came in as in edged upward toward 30(its over 30 as of Friday---37 to be exact)....A bounce as some would say...I see the upside limited to the 22.25-22.75 area, where selling should come in....+D1 is at 15 and -D2 at 35 with ADX still strong at 39.....If you have courage you could short it in the 22.50 area, and put a limit buy stop just a hair over 23.00....The ride would be for a couple of points to the downside...I continue to hunt for more lucrative shorts....If anyone has any suggestions, please feel free to mention them....Regards, Mark