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

To: LzzrdKing who wrote (5018)	3/11/1998 8:02:00 AM
From: TATRADER	Read Replies (2) \| Respond to of 7396

JDEC, I will wait for Relative Strength to move above 50, and confirmation of ADX turnaround before consideration of entry..Right now ADX is at 11...I recently caught OSHSF in a similar situation... You have a Head and Shoulder Bottom here, and it looks like you are trying to catch the bottom of a right shoulder...Looks like you have two right shoulders Lizzard...I have become more conservative in my old age, and would rather attack on a takeout of neckline at 35.00 and ride it for 8 points....Mark P.S. meanwhile Lizard goes for 13 points..