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

To: Dan Lisman who wrote (4131)	1/26/1998 10:47:00 PM
From: TATRADER	Respond to of 7396

Dan, you read the pattern correctly on ENE, but there is a lot of support on this one at the 38.25-38.50 area....Plus if you study the volume on each side of the pattern you will observe, there is definitely more momentum toward the upside of the pattern...However, ADX reading is weak at 22, so this gives me hope that the upward side of the pattern will again hold and you should be able to drain some good points to the downside...But don't expect the ranch unless we crack 7600 on the DOW, and we head toward my 7000 initial target...If that happens(probably won't since I predicted it), you will get your 35....Regards, Mark