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Microcap & Penny Stocks : LEAP - Innovative ad agency a bargain at $3/shr? -- Ignore unavailable to you. Want to Upgrade?

To: ItsAllCyclical who wrote (520)	7/20/1998 4:46:00 PM
From: taLuis	Read Replies (1) \| Respond to of 600

We saw a fair amount of short covering today. And we'll probably see some more tomorrow. Resistance was at $6 today. If you compute the Fibonacci retracement for the range 3 to 7 1/2 (prior week's support and resistance), you get 6 7/16. Thus, I believe 6 to 6 1/2 will be major resistance for LEAP. Tomorrow's action will be interesting. I will be watching. Any price in the $6 range is worthy of a short. This is based purely on the technicals. No offense to longs on LEAP. Luis