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Pastimes : ASK Vendit Off Topic Questions

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To: Vendit™ who wrote (260)	5/2/1999 6:08:00 PM
From: Vendit™	Read Replies (2) of 19374

t36, The below chart shows that EMC is in the process of bouncing off near term support of $104. Lower support is $87. Upper resistance is $114. I think EMC is near the bottom of it's recent dip. The chart below shows that an early bottom indicator (Wiliams R) has been triggered, signaling a rebound. askresearch.com The Money flow analysis is showing that smart money is moving back into EMC. The money flow line has turned up in the 20 range on it's scale which fortifies the Williams R chart above. askresearch.com The candle formed Friday is a bottom reversal indicator called a Harami Cross. Below is a brief text book description of what that means as well as a graphic illustration of what one looks like. How to Identify it · A long black day occurs · The second day is a doji within the real body of the previous day What it Means After a long black day at the low end of a downtrend, the market opens higher than the previous day's close and closes at the open. The Harami Cross indicator is more definite than the basic Harami indicator, and signifies a reversal for the bulls. litwick.com Below is the strongest evidence that a bounce on Monday is immanent. See the smaller chart underneath the larger Bollinger chart. The crossing of the 2 lines is a "buy signal". If the stock moves passed $114 then look for it to test $140. bigcharts.com As always news blows TA away. I hope this has been some help to you. Vendit

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