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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Bill 49M who wrote (5870)12/9/1998 10:59:00 PM
From: Greg McDaniel  Read Replies (2) of 27311
 
I have made a mistake. It is a UTB. Your analysis lead me back to the chart to make sure I had seen a Upside Tasuki Gap. Today's candlestick pattern is actually a "unique Three river bottom.". Telescan clearly shows a UTB rather than a UTG. I am a little squinty eyed today after getting only 3 hours sleep last night. Now this may be more exciting than the UTG. Does that perk your interest a little more?

Here is the definition of UTB

This pattern consists of a long black real body followed by a black Hammer that makes a new low. The third candlestick in the pattern is a small real body. This is a sign of a bottom reversal.

Monday was a long black body. Tuesday was a black hammer and today is a small real body.

I apoligize for reporting this as Upside Tasuki Group originnlly.
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