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Strategies & Market Trends : The Thread

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To: JLS who wrote (12026)	8/30/2000 12:52:12 PM
From: Mike E.	Read Replies (2) of 49816

DITC - Julie, it's trying to form a bullish engulfing line on the daily chart. It's been in a sorta decline since earnings (last 5 or 6 trading sessions - don't have the chart up right now) and if it closes the day with that bullish engulfing line, it could signal the bottom of the downtrend. If it does it on above average volume, that would be an even better indicator. I think this would only apply to DITC as a position play (multi day hold) and not intraday. I will wait until closer to the close and if it looks strong, I may add to my long term position (only bought about 1/3 position at 62 last week). Hope this answers, Mike

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