USRX Message Board - Msg: 1046078

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Technology Stocks : USRX

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To: Price Monger who wrote (16353)	3/22/1997 9:02:00 PM
From: Jeffery E. Forrest	of 18024

Actually, the HAMMER I was talking about is from CANDLESTICK theory. Its a nice indicator. Here's some basic 'sticks. brkthru.com The Cup and Saucer is just what it sounds like. You're looking for a nice long base (ex-INTC base stayed between 72 and 76 for about 3 months) At the end of the basing action (the handle) it will take a dip and return to where it started (the cup). The time to buy would be when it breaks out to the upside. Look at a chart of INTC. Go back to MAY, JUNE and JULY (96). JULY is the CUP. May and June were the Handle. (BTW- The 16th of JULY formed a perfect HAMMER which made it even more enticing. I like combining the Japanese Candlesticks with Western charting. Works good) If you were using the Cup and Saucer for a buying indicator, you'd be buying right at the end of JULY when it broke to the upside. It went STRAIGHT UP after that. Am I helping yet?<GG> Hope so. I remember I didn't get it at first.

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