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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: gladman who wrote (53613)	7/29/1999 9:59:00 AM
From: Teri Garner	Read Replies (1) \| Respond to of 120523

Wireless plays: NXTL/PCS and FON look good. FON target of DT takeover. McCaw increases stake in NXTL, Merrill bullish on wireless...

To: gladman who wrote (53613)	7/29/1999 10:34:00 AM
From: Scrumpy	Respond to of 120523

My observations were from a purely technical standpoint. Specifically, using candlesticks and noting the decreasing open/close changes over the last two days combined with five to ten day downtrends. The narrowing difference between open and close indicates, to me, an impending short-term bottom. I wait for one or two day closes "up" - which would create engulfing, harami or morningstar patterns, and thus a possible one-to-two day uptrend. It's worked fairly well for me lately, combined with uptrends in money flow, momentum, and volume. Good Luck, Scrumpy