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

To: John J H Kim who wrote (4651)	2/24/1998 6:58:00 AM
From: TATRADER	Read Replies (1) \| Respond to of 7396

Pattern on ATHM is 20 by 30.....Neckline at 30.00...10 point spread makes a conservative target of 40.00...If I use Fibonacci ratio of 1.62, I would get a target of $46.20....Since we are at the end of a rectangle pattern in the Dow, 7800 by 8200...Add 400 to get 8600, as top of pattern, I go with conservative run of 10 points on ATHM...In other words, I use the Fibonacci ratio,when I believe we are in a wildly moving bull market...People think in round numbers, 40 is a round number...10 points is some nice cash to take home, that is why I think it will take a breather in 39.75 area...Mark P.S. COBR is coming to life...