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To: Greg Jung who wrote (91883)	6/29/2001 8:50:42 PM
From: chowder	Read Replies (1) \| Respond to of 95453

Hi Greg! Thanks for the tip on HLIT. I was actually short this sucker a week ago and it turned against me. Grrrr..... You brought up a very good point with regard to the weekly chart. Some people like to get confirmation on the daily chart with the weekly chart. In other words, they wait until the indicators are similar on both charts. The trading pattern on the weekly chart is known as a Long-legged Doji. This trading pattern is a pattern of indecision. It indicates a tug of war between the buyers and sellers. The stock traded up, the stock traded down, and when the war ended, the price closed near the middle of a wide trading range. stockcharts.com[h,a]wbclyimy[pc25!c50!c200!f][vc60][iut!Ub14!Ua12,26,9!Lc20!Lh14,3] A Doji pattern is often a signal that a trend reversal is near. If this pattern occurred at the top of the trend, it would clearly be a bearish sign as the advantage would go to the bears. In a downtrend, it can still indicate a trend reversal but it isn't as accurate as when they occur at the top of a trading range. Confirmation is needed. NAT would need to close up next week to confirm the trend reversal. Of course a catalyst can come along to influence the price one way or the other. API's will probably be a major factor as will be OPEC's meeting. Caution is recommended. dabum