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

To: Willsgarden who wrote (4547)	2/19/1998 2:20:00 PM
From: TATRADER	Read Replies (2) \| Respond to of 7396

Bill, you should take a look at these strong stocks...First there is DWRX...I am making a study of this stock and a few others with various indicators....I am in DWRX since 23.00...Head and Shoulder Bottom with neckline at 22.50....Note how when we penetrated the neckline, we did it on excellent volume...Note the ADX, increasing from 20's higher each day...Shows power in trend...Note RS peaks higher as it attacked neckline...Note tight bid ask spread...Note continued strong volume... Also take a look at another of my picks, IDTI, one strong stock..... Will take a look at PAIR tonight....Mark

To: Willsgarden who wrote (4547)	2/19/1998 8:28:00 PM
From: TATRADER	Respond to of 7396

Bill, I took a look at PAIR...Nice Double bottom pattern...You bought near the low of the pattern so, you shouldn't be hurting too much long-term......Have pattern pegged at 30 by 15.00(first bottom is at 15) Second is at 17.50.......Neckline at 30.00...The stock did a 180 today, which leads me to believe it will test the outer Bollinger band tomorrow at 21.88....But I am skeptical that it will go any further, and reach my short-term target of 24.25 since the simple stochastic is at 73 with a price of 21.18 verses 78 when the stock was at 21.00...Likewise no pickup in the ADX indicator......Volume oscillator still in bearish divergence with price....I guess what I am saying is that there is still time to muddle a bit on the second bottom....Good luck....Mark