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Technology Stocks : USRX
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To: thomas hayden who wrote (17080)3/28/1997 11:12:00 AM
From: Jeffery E. Forrest   of 18024
 
Tom, we have to see what happens on Monday before we can call this weeks close a Dark Cloud Cover.

Negatives:
1. It ended the week with this formation.

2. Lines up with another Dark Cloud back on 3/5-3/6 (notice how the Black Candle of 3/7 confirmed the Dark Cloud of 3/5-3/6.)

3. General Market conditions.(they SUCK, IF yer a bull<g>)

Positives:
1. the top of the Black Candle is almost even with the White. A more compelling arguement for a Reversal could be made if Thurs. opening price or high would have been higher.

2. We closed right above the 20DayXMA. I've been waiting for this to happen. The entire candle body is above the line, which is a buy ALERT. If we get a second day with the entire candle above this line it would be a buy SIGNAL.

3. Most of the other indicators are not confirming.
**************
Monday will complete the pattern. (In fact, this is exciting. Monday will tell us alot, depending on if it confirms or erases the formation.)
As it lies, we could go either way, I think it's a coin toss right now.
See ya on Monday.
Jeff
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