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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: Imuah who wrote (58414)	4/15/1999 5:55:00 PM
From: Gersh Avery	Read Replies (4) \| Respond to of 58727

Not much of an intrusion Imuah .. If you look at the dates of some of the last few posts you would notice that this thread is very slow these days. I looked at the charts of LLTC for you. I don't see the triangle you mention. What I did see was a parabolic formation at the end of today. That's a red flag for me. Parabolas fall .. someday, at some time, they always fall. .. Then I noticed the time frame and figure it's a very small part of the picture. I moved out and looked at the chart on a 30min bar timeframe and looked the the Bollinger bands. the stock just violated the upper band. Which to me says to expect it to pull back very soon. Well .. I've looked at it from several time frames and with several different tools. What I see is a violation of bollinger bands, of a trading channel that has been in existence for most of March. It set a new high today. Was there some news that drove this up today? There might be some news that is about to be released. If this is the case then such a move would be justified. Otherwise I would expect to see it fall some. Supports at ~60, 57, 50. Gersh