Replies to post #8089 on Looksmart Limited (LKST)

[LookingConfident]

Yes .... I put that Site into my favourites and will be using it daily. Thanks.

I dont think there is much to worry about from here in. SP may go UP and DOWN a lot more but in a months time (or, so) things will be OK. Institution show a 20% involvement today but the BUY messages far outweigh the sell! - Interesting, to say the least.

http://iw.thomsonfn.com/iwatch/cgi-bin/iw_ticker?ticker=look

:)
LC

[andy20020]

LOOK TA ... for non-blind types only!!! ......................
I'm a real novice on whats called Elliot Wave theory .. but I'm practising it on LOOK as LOOK seems to be a pro trader/insto/broker driven thing so should closely follow TA.

This down move is either complete (or very near it- really needs one more day to confirm) and should soon see a new uptrend.

We have either had a three leg down cycle or this is the first leg of three down! (little warning there - remember in a few wdays/week or so).

Either way ... If $3.41 holds as the low .. the logical first target up is (probably) $3.93. At this point the price should waiver before big run (the third leg up is normally the big one) or big down .. but essentially, if this bottom holds tomorrow we have the luxury of a few days for good news to hit the price and we run accordingly.

I'm very new to all this Elliot stuff ... so don't hold me to it ... believe what you like, but it has thrown up $3.90 first then $3.66 (which failed) and now $3.40.

Don't thank me .. thank Elliot LOL.

And for you blind caustic foolish tankdwellers .... thhhhhhhhhhhhhhhh - (the raspberry! LOL)_
Regards