Electro Scientific??? Message Board

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Technology Stocks : Electro Scientific???

ESIO 29.99

0.0%

Feb 1 4:00 PM EST

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To: Lenny Ehn who wrote (324)	1/24/1998 7:06:00 PM
From: Bill Martin	of 723

Re: ...the daily chart seems to show an upside-down head and shoulders pattern ... I'm not an expert technician, but I don't see it Len. There are failed H&S patterns all over the place. To determine a "real" one you also have to closely consider the volume. It should be high as the left shoulder forms, then drop and peak lower at the head, then drop and peak very low at the right shoulder. You'll see this description in most TA books from Edwards & Magee on. With ESIO you've got volume building as time goes on rather than the ebb and flow to lower and lower peaks. Bill

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