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

To: SpecialK who wrote (2996)	11/26/1997 8:37:00 AM
From: TATRADER	Read Replies (1) \| Respond to of 7396

ketan, you may be right...However, my Ultimate oscillator usually gives a kick to the upside when there is buying going on at reversal points...My Ultimate Oscillator is down with price as of yesterday.... The kick that the stock made at 26.00 was anemic as far as I am concerned....I have the major firepower pegged at 23.00, not 26.... A lot of selling took place yesterday in this stock, and I would guess it was traders who took the last ride up to the neckline at 27.50.... When will they return? My bet is when the stock drifts down again to its support levels...We shall see....Anyways I will be out if we take out 27.50 with powerful volume....That would be a 1/4 point loss, something manageable....Mark