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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: hcirteg who wrote (25287)1/30/2002 10:10:16 PM
From: Greg McDaniel  Read Replies (1) of 27311
 
HC, a doji star would be confirmed if the open is near or lower than today's close and the close is in the 3.88 or lower area(give or take a few cents from the 3.88). Tomorrow's high would also have to be lower than today's high. Look at 11/20/2001 on Valence in candle stick format. Technically this was not a doji star because the following day was not a black(or red) body. It is very similar pattern though. that was the high in November before it dipped to 3.20 / 3.40 area in December. We may have the wind at our backs as the market may be in a couple of days of rallying mood though.
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