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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Scooter who wrote (54833)	8/24/1999 10:25:00 AM
From: stan s.	Read Replies (3) \| Respond to of 90042

KNT, definitely trying to bottom with the bullish engulfing line yesterday. That means it opened down (below open, close of previous day) and ended above open/close of previous day. In other words the real body of the candlestick engulfed the previous day. Short term momentum indicators up.. The psychology implies a reversal from quite negative to quite positive. I'd like to see better volume...at this point it's too early to say whether the reversal is a short term pop or more substantive...have to keep an eye towards the weekly chart...but it's a start! I'll try and keep an eye on it.