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

To: TATRADER who wrote (4912)	3/5/1998 10:44:00 PM
From: Paul Viapiano	Respond to of 7396

I'm still in RCMT, too...although my other picks this week have exploded due to the tech selloff (SUNW, PLAB)...bleccchhhh! I might look to get out soon in the 21-22 range... Paul BTW...anyone here ever read "The Disciplined Trader"?...thoughts appreciated...

To: TATRADER who wrote (4912)	3/6/1998 12:11:00 AM
From: Ryan Mak	Read Replies (1) \| Respond to of 7396

Mark, looking at the chart I see the daily macd and stochastic are peaking out ... especially the stochastic looks like going down soon; howwver, I like the increasing volume. I am looking for 23 to exit. BTW, SYNT is a strong one ... looking to get back in below 30.

To: TATRADER who wrote (4912)	3/6/1998 5:48:00 AM
From: Uncompaghre	Read Replies (2) \| Respond to of 7396

Mark, what method do you use to find an entry point on a pull back in a fundamentally strong company that has had a recent run-up? I'm looking at APCO; is there an indicator that you would use to determine the buy point for a stock that is reaching new highs and is well divorced from any established trend line? Tom

To: TATRADER who wrote (4912)	3/6/1998 10:04:00 AM
From: pae	Read Replies (1) \| Respond to of 7396

Mark, an issue I've been watching and trading for a while may be approaching an inflection point. A daily chart shows a battle being waged @47. Would 2 days close over 47 suggest a break in the downtrend? I see @10 weeks base after a (75-38/75)=49% selloff. There are some that believe the selloff will continue to the 20s. While a weekly chart makes their point, I personally don't buy this as I see volume spikes, often on weak market days, suggesting institutional interest here and now. Some of the bear noise suggests the bears are greedy but nervous IMO. The last 6mos. suggest an upside down H&S but the right shoulder looks a little weaker at 45 than I would prefer. I am long NikeB and would appreciate your opinion. Thank you, Paul. P.S. Go cobr! A couple of closes above 7 3/8 would be good.