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

To: Uncompaghre who wrote (5134)	3/14/1998 10:07:00 PM
From: TATRADER	Respond to of 7396

Uncompaghre, I looked at SBSE...I will pass on it...Take a look at the simple stochastic, it has come down from 80 while the stock goes up...Same with volume...20 day volume at 73,490, 5 day volume at 35,660...Low volume rises always smack of distribution, except in the first 50% of a retracement...In addition, you have tremendous overhead in the 30.62-31.50 area...Likewise, I don't think this stock has enough gas to make it to the end of the Bollinger Band...Trading range for now at 26.13-28.81....Yes, ADX is increasing from 13,14,15, but remember we like a turnaround on ADX on a high volume reversal, or a continued gradual move from the 20's on up...Regards, Mark P.S. I would keep a mental stop on BOBJY at 14.75...That would be a 5% loss if 15.00 does not hold...This is a good stock with 47 cents earnings predicted for 98...