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Technology Stocks : All About Sun Microsystems

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To: John Carragher who wrote (7881)	2/23/1998 7:10:00 PM
From: Ben Antanaitis	of 64865

John, This P&F pattern is when a stock technically gives the weakest sell signal and then proceeds to rebound punishing the bears who may have sold short on the fake sell signal. Since SUNW is trading above it's overall bullish support line (a plus) and it touched and bounced off of an 'interior' bullish support line (one above the overall bullish trading channel support line) another plus, the thought is that the 'weak' sell signal that formed when the support line was touched at support point S1 on the EZ-PnF chart of SUNW at pipeline.com is the springing of a bear-trap. IF SUNW hits 52, then a triple top would form and that is a very bullish thing indeed. But that is the chart read, so it's not investment advice. Ben A.

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