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Non-Tech : Knight/Trimark Group, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: gbh who wrote (4355)	9/28/1999 8:49:00 PM
From: James Thompson	Read Replies (1) \| Respond to of 10027

Here is a NITE analysis from a poster at ClearStation. From : DocLou Sep 28 1999 8:02PM Re : Model of Technical Analysis (Long Recommendation) Kensey: The daily chart of NITE should be included in the EDUCATION section of your web site (which I love).What do you think? Note: 1. The inverse head and shoulders in June, that was negated by the lock up expiry on July 13. 2.Notice the tight straight channel down, after expiry on July 13. This represents the pooled cheap shares which were unloaded in a well organized sell off. 3. Note that after July 13, the trading range (the height of the red bars on the daily graph), is greatly reduced from pre July 13. This shows that the float prior to expiry, was very small, and when the locked out shares were added to the float, the float was dramatically increased, which led to decreased volatility. 4.Note the near perfect Head and Shoulders from Aug 6 thru Sept 9, with the predicted drop to $26. 5. Now recognize the beautiful descending triangle, starting on Aug 27. It is now hitting the apex. Today, with the NASDAQ going down over 60 points, and coming all the way back to even, the trading range of this stock was between 27 9/16 and 28 5/8, a mere one dollar spread. And what will happen now? This descending triangle is tightly coiled and ready to break out big in either direction.[See descending triangles in the EDUCATION section]. Hopefully, it will break out into the upside, into what we will later explain to the students, as the EARNINGS RUN-UP! Earnings out on October 21. Dr.Lou