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


To: Meredith Cullen who wrote (3962)1/19/1998 10:35:00 PM
From: TATRADER  Respond to of 7396
 
Meredith, I am a pure TA trader....On IMCC, I am short because of a Head and Shoulders Top...
Take out a chart and take a look...
Double Left Shoulder
15 by 17.50
15 by 20.00
Head at 25.00
Double Right Shoulder
15 by 17.50(amazing how it resembles left shoulder, isn't it)
15 by 20.00
Neckline at 15.00

Minimum target is 5.00.....However, some may argue that the Head is at
22.50 giving a minimum target of 7.50....This stock is very sick technically....Regards, Mark