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

To: LzzrdKing who wrote (4001)1/20/1998 7:46:00 PM
From: Saulamanca  Respond to of 7396
 
Strong day to breakout of the triangle pattern on the Nasdaq. Let's see how it handles the downtrend line from the other side.
Sold GIFI at 19 3/4 expecting a pullback at 20 1/8, which is resistance from it's double bottom on 12/1 and Gann-retracement from the 12/9 peak. When it broke thru I rebought at 20 1/4. Also broke it's downtrend from Oct.

BEAS keeps ticking.

Mark, a little closer to that perfect world.

Jim



To: LzzrdKing who wrote (4001)1/20/1998 8:25:00 PM
From: Jay Tice  Respond to of 7396
 
Lzzrd, I agree, looks like some resistance to burn thru in 15's, but 16 should be clear sailing. How do you think this last pullback on good news will affect run up into qtr 1 earnings report?

Thanks, Jay


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