USRX Message Board - Msg: 781336

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Technology Stocks : USRX

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To: H. Nguyen who wrote (10541)	2/7/1997 12:07:00 AM
From: Jeffery E. Forrest	of 18024

FWIW WE have a nice little CANDLESTICK formation that I've seen work more often than not. We've had two HAMMERS formed. Strong one today with a higher high/low. Closed right at the high of the day too. Made a nice White Hammer. In Candles there are also "record sessions". We've had Eight to Ten record sessions". The "eight to ten record session", is one of the more important candle formations. We can make a case for either an 8 day OR a ten day record session. This formation signals that the preceding trend will change. A HAMMER at the end of the 8-10 record session formation makes a strong case for a price reversal. The White Hammer broke the record sessions (lower low/highs in our case) I'm seeing some other indicators that "appear" to be reversing, but the Candles are better at predicting a turnaround than traditonal Western charting. IF we get another decent day tommorrow, things should firm up quick. Remember, you heard it here first<g> Just my opinion Jeff

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