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Technology Stocks : FORE Inc.

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To: Luke who wrote (9928)	12/10/1998 11:04:00 PM
From: Ed Frye	Read Replies (1) of 12559

Luke & Sherm, I'm not over anxious to get back in right now. :) Today's black candle forms a 3 day pattern akin to the very bearish Evening Star, indicating we could break support @17.25-17.50 and revisit the 16s or worse. However, things may not be as bearish as they seem when we view today in the context of the general market pullback and add to it the fact that among these 3 days, today had by far the lowest volume, indicating there wasn't a lot of force behind today's movement. So maybe we will hold support @17.25-17.50 if the overall market doesn't tank. As the chart currently stands, I see nothing to base a buy signal on. Since I strongly suspect Wednesday morning was a buying blow off I'm not anxious to buy any rallies above the support line. And if we break support, I'm not anxious to buy until a clear signal emerges. Not much of an answer but sometimes all you can do is wait until a clear signal emerges. ed

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