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

To: john Kurisko who wrote (5133)	3/14/1998 10:21:00 PM
From: TATRADER	Read Replies (1) \| Respond to of 7396

John, I have been getting very fussy on stocks I enter...I will pass on CYLK...Reason being, I have calculated 2.4 million shares of overhead...Now if you can drum up another million shares on Monday, this stock will crack through the resistance in the 15.00-15.25 area, but I am betting it won't have the power...Yes, the ADX did a reversal and turned around from a downtrend, 19 to 20...Yes, the Smoothed rate of change did a reversal...But the RS on 2/13/98 was at 72.997 with a high of 14.37...On 3/13/98 the RS was at 67.929 when the stock was at 15.12....Less power...Regards, Mark P.S. i try to find stocks that are just starting to trend and have little overhead... P.S.S. That is why I stayed away from JDEC on Friday..ADX didn't budge It stayed at 11 which is too weak for me and my TRIX was down...Further, Gann Retracement told me stock would be halted at 33.00...Of course, I may be wrong, but I have to follow my trading disciplines....Now LGWX that I entered at 12 3/8 is a different story..That one I nailed..Thanks to Lizard letting us know about the break, I could quickly download data, and do some quick tests to see if the break was legit...