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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Sergio H who wrote (13064)	1/25/1999 4:25:00 PM
From: James Strauss	Respond to of 29382

LORX... Thanks Sergio... A look at the weekly chart of LORX showed support in the area where there was a conjunction of the 50 day and 89 day MA's... Even without the MA's, a visual look at the weekly chart showed a lot of lateral congestion in that 3.75 to 4.00 area... When you look at a lot of charts these things become easier to see... iqc.com After a quick run up it's not unusual for a stock to correct to the nearest level of support... That's what happened here... Jim