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Technology Stocks : Egghead Computer (EGGS)

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To: UFGator93 who wrote (1343)7/14/1998 2:19:00 PM
From: epicure  Read Replies (2) of 8307
 
Time mag had everything to do with yesterdays move. I still don't think it means all that much if you are trading on a weekly timescale. The daily chart still looks bad, and even the intraday didn't look bullish- just got more overbought- hence my decision to add puts when I saw the bearish engulfing symbol. It hasn't really been confirmed yet- and a careful candlestick trader would wait for confirmation.

Alladin might be interested to know that candelstick trading evolved in the rice markets of Japan a few centuries ago and made people who used it a lot of money.
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