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Technology Stocks : Thermo Tech Technologies (TTRIF)
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To: Kit H. Lou who wrote (161)10/10/1996 12:34:00 AM
From: DDS-OMS   of 6467
 
Kit,

Another response to your post 161 re averaging down. FWIW , a look at candlestick chart of TTRIF today shows a "Bullish engulfing" pattern which is interpreted to mean a possible shift in bearish sentiment to one of buying. Confirmation would be an up day tomorrow and then should only be taken as a short term indicator initially. On cheap stocks I haven't found signals to be of reliable value. The last signal was on 8/9 resulting in an up move for 3 days then resumption of downtrend. Good luck!

Gary
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