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Technology Stocks : USRX

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To: Pullin-GS who wrote (16588)3/25/1997 11:54:00 AM
From: Jeffery E. Forrest   of 18024
 
Paul, I should have clarified my POV on TA. While the charts are boring, I do think that the HAMMER formed on Thurs. (20th) is VERY strong support and was a buyer there.

CSCO, ASND, USRX, COMS ALL made nice hammers and bounced from those levels. I still think we could see a retest of those levels, but I would look for a trade.

FORE also made the same formation, BUT It broke lower so wiped out the support made by the hammer. I bought FORE too on THURs, but after the VOL. on FRI. I'm slowly dumping some of the shares for break-even. (averaged down yesterday and scooped some minimal gains today)
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