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Technology Stocks : FORE Inc.

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To: Ed Frye who wrote (9893)	12/8/1998 5:29:00 PM
From: Ed Frye	of 12559

Closed on strength @18.25! Technicals are very positive...... A)Today's medium sized white candle, in combination with yesterday's small black candle, forms a bullish engulfing pattern, which signals the continuation of the current uptrend. B)The fact yesterday's Harami has transitioned so swiftly into a bullish engulfing pattern, is encouraging as well. C)Today's volume was approximately twice that of each of the last two days and 50% above normal, suggesting there exists good force behind this rally. D)FORE gave a technical buy signal today based on the DMI indicator. (Today's price exceeded yesterday's high after yesterday's +DI crossover of -DI.) Can anyone else comment on this? E)Point and figure charting has FORE on a triple top buy signal since 17.5. F)Because of all of the above, technical buying is most likely on the rise at this time. FORE now appears headed for its 200dma = ~20, yet another significant threshold for technical buying. Anyone know of other technical indicators giving buy signals? ed

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