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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01 -- Ignore unavailable to you. Want to Upgrade?

To: Chisy who wrote (7653)	1/23/2001 11:49:09 AM
From: Jibacoa	Respond to of 13094

HSAC: I don't follow candlestick charts. You better wait for Jim's opinion on that. On the "bar charts", it seems to me it gave a buy signal on Jan.12 on the move from 1 3/8 to 1 7/8 in early morning trading. It has formed a temporary double top at 2 3/8 with the Hs of Jan.16 & 17.It is experiencing some selling pressure today with increased volume (117,200 in the first 1/2 hr.) Ounce it gets over the 2 3/8 hurdle, the next "hurdle" is the other double top from the Hs of Nov.3 & 6 at 3 7/8 and after that the Oct.23 H (the day of the up-gap)at 4 5/8. The volume that day of 2,745,400 was even higher than the one on the previous trading day (Oct.20)1,757,800 when it had the first reversal on the downtrend. As you may recall the H on Jul.1999 was 49 3/16, so it may have some way to go.<g> RAGL Bernard