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

To: cloud break who wrote (4067)	1/22/1998 9:44:00 PM
From: TATRADER	Read Replies (3) \| Respond to of 7396

danny, I am still negative on APCO...If i calculate right there are about 3 million shares of overhead in the 7.25-7.50 area...In my opinion when we moved up today, it was selling that occurred not buying....I see a flagpole formation, with an ascending flag...As you know,an ascending flag is bearish...When we pull back, I have first pullback area at 6.62, followed by 6.12-6.35 area, and then my long-term target of 5.75-5.87....If you check out the envelope channel, it is from 7.02 to 6.35, so you see I expect the stock to move back to my target areas very soon...Bollinger Bands give a similar reading of 7.15-6.22....Good to hear from you... Check these new momentum short picks I am watching tomorrow: 1. UTI present price to reversal at 13.75 2. PESC from 17.31 to reversal at 15.00 3. FGII at 23.55(probably most risky of bunch) 4. SMOD at 25.67 5. TCMS at 10.17 I am still looking for 9.00 on ROBV....Entry at 10.50 area...However, pattern is 17 by 13, with neckline at 13.00....Head and Shoulders Top, but be careful it could have a retracement to neckline at 13.00.... Regards, Mark P.S. All the best to you and your family, say "hello" to Richard Mazzarelli for me... P.S.S. Have new way of analyzing NASDAQ composite...Try using the Force Index,Pring KST, and Chaikin Oscillator...They all tell a story... P.S.S.S. Any new TA books that you have read, that I should read???