Egghead Computer (EGGS) Message Board

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Technology Stocks : Egghead Computer (EGGS)

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To: Anaxagoras who wrote (7331)	3/19/1999 1:20:00 PM
From: Anaxagoras	Read Replies (1) of 8307

It's worth looking at a chart right now. It helps to explain why I'm comfortable with my current short position. Look to the spots on this chart in which you have a long white candle followed by a black (I see at least 4 such spots) and look to what happens in the next few sessions. In every case the stock goes down. The most dramatic time of course was in November which most closely resembles this spike because of the way the candlesticks penetrated the upper bollinger band (20 session). Add the bollinger bands into the following to see for yourself: askresearch.com FWIW, Anaxagoras

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