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

To: Saulamanca who wrote (3949)	1/19/1998 5:22:00 PM
From: TATRADER	Read Replies (2) \| Respond to of 7396

Jim, as you know I do not want to hurt anyone, so I won't pinch you... I have a different take on GIFI...I see a downward trendline that has not been violated at the 20.00 level...I see this as a low volume rally back to the trendline...In fact I see this rally fizzling in the 18.75 to 20.00 area....If you use your +D1 and -D1 indicator, you will observe that -D1 is 29 while +D1 is 20...That means trend is still negative...ADX is strong yet at 32, which means we do have a strongly trending stock...Let me know in the future who wins this battle....As you know Lizzard and I have drawn a lot closer in our mutual love for ITEQ...Personally, I would short this stock in the 18.75-20.00 area... Regards, Mark P.S. The only roll I may end of having is the one over my beltline, if Lizzard and Robet take the NASDAQ over 1600 on me.....