Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: AlienTech who wrote (3270)	10/13/1997 4:26:00 PM
From: LastShadow	of 120523

aapl AlienTech - for a merger move, or just for general strength indication, one needs to look at the line of the lower resistance formed by the lows over 3 or 4 days - not the highs, opens or closes. Go to the following URL (scroll down and select the 5 minute intraday chart) and you will see what I mean. fast.quote.com The pattern isn't visible in the daily chart, and the full strength of it isn't seen as clearly in the 1 minute chart. And in all liklihood, the initial morning activity is representative of traders and not speculators. Actually, a 10 or 15 minute chart would be optimum, but I can't find any of those online anymore. The buy signal was actually generated for me Friday about noon when it progressed upward from the basing pattern of last 10/7. Once it crossed above that threshold on normal volume, a reversal was in place. lastshadow

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