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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: Smooth Drive who wrote (11528)	2/10/2001 11:31:13 PM
From: Trader X	Respond to of 12039

Hi Eric, glad you liked the INTC and KLAC candle charts. I also think INTC has to drop a bit more, although it doesn't have to. but a drop to the bottom of the BB would give the H/S pattern symmetry with the left shoulder. And I believe what we all need more of is symmetry, don't you think? down to $31 1/2, maybe on monday, then a bounce to try and take out that neckline at $38. On double the average volume, I would think. BTW, I enjoyed the stockcharts site, I will play around with and see how it works out.

To: Smooth Drive who wrote (11528)	2/11/2001 8:46:32 AM
From: Monty Lenard	Read Replies (1) \| Respond to of 12039

"I saw the not so perfect hanging man on 2/1" Eric, the candles for 2 days prior to that warned well in advance for longs to BE CAREFUL. Now they both have inverted hammers but the one thing I dislike about both is the height of the upper shadow into the prior real body. Not to say they won't go up but those to Inv Hammers are ones that I would wait for confirmation or pay close attention to what Brooke said about money management. On the real good candles I don't wait for confirmation (and contrary to what was said...I do not consider that gambling) because a real good candle will make you money .... for a while anyway .... even against the primary trend. Monty