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Strategies & Market Trends : The Thread -- Ignore unavailable to you. Want to Upgrade?

To: Jack Hartmann who wrote (8385)	7/30/2000 8:01:04 PM
From: stan s.	Respond to of 49816

Hi Jack, most of the early bearish candles occurred quite some tome ago in this recent downtrend. Those that I mentioned under "bearish" had early bearish formations and I pulled out what looked to have the most appropriate bearish engulfing patterns and dark clouds. The "bearish if no tech rally" simply meant we might get a head fake tech rally early in the week and not to jump the gun on shorts if we do. Sorry, should have been clearer. I agree about your energy picks. I want to watch the techs early and will look toward other sectors as soon I'm sure the tech rally is over or not happening. I like like OIL (the stock) as well though it may be a little overextended here. PTEN has a turnaround chart but is head banging on the 40 day ma. I like the chart on RIG too. The hi/lo took did a negative cross just as the NASDAQ started to flounder, followed by the support breaks. That's a great medium term indicator. Stan