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

To: Manny Gugliuzza who wrote (204)	2/11/1998 9:50:00 AM
From: Harry W. Lowe	Respond to of 942

AR, As I indicated on my last post (#203), $1.79 upside resistance was derived from the mean average (or LSFT) line on a daily bar chart of 9 months duration. It should also be noted that this line has a negative slope meaning that the price trend for the last 9 months has been negative. This negative trend line indicates that the issue should be avoided by long term investors. 'LSFT' lines of a shorter duration will show a horizontal to slightly positive, indicating accumulation. At this time, there is no clear indication of a long term buy. Only short term trades for the nimble trader. As noted in my last post, a sell signal is very probable today and tomorrow. You can hope for good fundamentals, but don't try to wish them into existence. When good news is forthcoming, you will see its affect in the price pattern of the stock. Rather than 5 days try using 8 days. These are both Fibonacci numbers and quite affective. Do you use Point & Figure charts? If so try '1' unit turn around rather than the traditional '3' unit. This method will more closely match trading envelope of the bar charts. Too bad we are not in close proximity so that we could compare TA methods. Harry