Wednesday, August 16, 2006

Watch List - LLTC, PAYX

We've had three successive days of gains on the NASDAQ. From Friday's close to today's close we've racked up close to 100 points and we're running into resistance. Consequently, tomorrow will be cautious trading for me.



Long PAYX if it opens at, or just above today's close. Support is $35.40 on the 15 minute timeframe. This is a continuation play out of a rounded base. The preliminary target is the 50 MA on the daily timeframe, followed by $37.00.


Similar setup with LLTC. Look for it to open at or just above today's close. Target is $34.00, followed by the 200 MA on the daily timeframe.

3 comments:

Anonymous said...

It's 11am here on the east coast - LLTC
(and thanks for it) is acting in a classic "setup" you have an excellent site - thanks again

peachin

Anonymous said...

IT IS NOW ALMOST NOON AND LLTC CONTINUES IN ITS TEXT BOOK SETUP "up" AGAIN THANKS

Jamie said...

You're welcome!