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To: Dale Baker who wrote (14170)1/9/2000 4:43:00 AM
From: SteeliejimRead Replies (1) | Respond to of 118717
 
BLSW does look good, but I'll dry run this one for now.

Your momentarily mutinying minion,

Jim



To: Dale Baker who wrote (14170)1/10/2000 4:13:00 AM
From: MartinFRead Replies (1) | Respond to of 118717
 
Some of you have asked for a technical picture of BLSW chart, as it broke from its former trend, the timing may now not be good. But it has formed a candlestick pattern called the "Inverted Hammer" that makes the next day important to decide which way the stock might go. I still know next to nothing about candlestick patterns, so I'll let you on this explanation from murphymorris.com. In simple words, if tomorrow is an up day, there is hope : )

A downtrend has been in place when the market opens with a down gap. A rally throughout the day fails to hold and the market closes near its low. (...) The opening of the following day is critical to the success or failure of this pattern to call a reversal of trend. If the next day opens above the Inverted Hammers body, a potential trend reversal will cause shorts to be covered which would also perpetuate the rally. (...)