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Strategies & Market Trends : Stock Attack -- A Complete Analysis
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To: dennis michael patterson who wrote (20562)4/20/1999 6:53:00 PM
From: Lee Lichterman III  Read Replies (2) of 42787
 
More like an indecision long legged doji to me on that chart. I can't tell how it is compared to a support line there. I am having quote download problems so I can't see it on my charts yet. That chart makes it look like today's volume was lower than the previous 3 days also which is not what you want on a hammer bottom. Volume should be much higher than previous days. Not sure that chart is correct though since when I came home, I thought Yahoo was showing 14 million volume which I believe was double yesterday's.

I need to see my stuff before I can get a feel for if this was a bottom or just the beginning of a temporary bounce before heading down today. One of my market leading stocks actually had a nice gain today so maybe there is upside left but after eyeballing the sector charts yesterday, I didn't see much that looked promising. The kids are still under water on half their EMC. Hopeing for a little pre-split rally to get even. If I had been home today, I would have dipped the half I sold this morning back in around 95. Aftewr earnings bounces are normal. What we really need to see is how this acts next week.

Any way, like I said, I am pretty much blind right now until I get my charts up and running. Reauters is ticking me off the last couple days.

Challo, will switch music tonight. <g>

Good Luck,

Lee
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