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Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?

To: Sal D who wrote (7988)	5/17/2005 11:30:19 PM
From: Galirayo	Read Replies (1) \| Respond to of 23958

[CGNX] Sal .. That one looks good to me. I get worried when they cross a Major MA. They normally need a rest. And this one had a rest. It did an 8to10NPH [ which consists of 8 to 10 white candles normally, but it may contain one or more black candles, without a solid reversal candle being confirmed ] as it crossed the 50dma. Day 1 was the last day of April at the 22.18 high .. Day 8 was it's last high pivot at 25.40. Then it rested .. made another Pivot Low at 24.20 which confirmed the Doji for a Reversal to a down trend ... Then it had another reversal candle on Friday 13 which confirmed an Up on Monday 16th ... NOW .. count 1 2 3 days starting Friday .. without a reversal candle confirmation and ... Tomorrow is day 4. stockcharts.com[w,a]dacayiay[db][pb50!c8!f][vc60][iut!Ua12,26,9!Uv25]&pref=G It may be on another 8to10NPH [New Price High] Formation. I'd watch the 8EMA for Support. Cheers! Ray