Looksmart Limited (LKST)

[andy20020]

To Mr TA enquiry ... my hotmail acct is down at the mo otherwise I'd reply in person ... look at Elliot waves (in general ... as per discussion earlier), Fibonnaci levels (search should do the trick), but most of all http://www.signalwatch.com/

And just get to understand the methodology of "maybe this or could be that". Learn about chart patterns (stockcharts education) and very importantly some candlestick analysis.

If you begin with this lot you will start to see the obvious signals and will make the odd trade or two from TA. Once you get good at recognising certain "events" let those come to you while you learn and practise others.

The secret of TA appears to be to know when its saying very little V's when its screaming something at you.


LOOK TA here is saying oversold, further down, but hasn't said buy yet ... I couldn't help myself! LOL. But I suspect we're within 10% of the bottom NOW so what the heck, and then there's the news issue. So risk reward must be pretty good here given the assumption that the shorts have stopped shorting but the longs haven't started to buy yet.

Regards