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

To: NhotH20 who wrote (3519)	12/22/1997 9:17:00 PM
From: TATRADER	Respond to of 7396

AMZN- rectangle pattern from 45-60....ADX showing trend is weak at 21, thus conclusion pattern should hold...Would short close to 60.00, with buy stop set at 63.00...Fast stochastic at 79, not yet overbought but getting close....If overall market is strong, should test upper reaches of rectangle... STGE---Double top, nice pattern...Ideal short price is 37.50(that is probably where you shorted, right pro!!), with cover at 33.75...If downward momentum takes you to test of 35, would short for at least one point or to my safe cover at 33.75.... CRYSF--Looks like move could reach 25....Would sell long position just before to be safe, or would consider short at that point..... Hold above 22.50 Tuesday confirms break from pattern.... Regards, Mark