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Microcap & Penny Stocks : lcav -- Ignore unavailable to you. Want to Upgrade?

To: Harry W. Lowe who wrote (190)	2/1/1998 11:01:00 AM
From: Manny Gugliuzza	Read Replies (1) \| Respond to of 942

me too me too me too. with the stock price sitting below nearly all the MA now, the only one i found still intact is the exponential 20day MA is at 1.30, the consolidation at 1.10 to 1.25 just prior to the previous low is the only chart formation for support that i see right now . the bollinger bands for 4 day is nearly contacted and this could be 2-3 more days and also the long term holders the 1.40 area was closed below too but is still in contact with the 45 degree uptrend line but needs to trade thru and above 1.45 tommorow down trend line is in tact but it is at 78 degrees nearly identical to the uptrend just broken 3 days ago. so looks like there is room for some more buying at between 1.15 and 1.20 for next 2 days. but upward sideways movement may break thru this down trend line maintaining the longterm 45 degree which is more stable. although volume did trail off after the reverse days, this slow increase in volume to down side will blow off to 1 or 1.12 if selling picks up but i do not see return to bookvalue this time either. plus most of who was going to sell has probably done this already and are just waiting. either way it will not take long in these low price level undulating patterns to change direction. traders are watching. will try for 2 more buys at 1.20s and in the teens some where i think it was 1.15 on the 5 day bollinger. and acute blow off would actually be nice to accommodate those waiting for another repeat super low but they may get nipped out. good luck to all buying back in down here again. i wonder how many more times we can do this? oh also the pull back from this second start has been nearly 50% ar.