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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?


To: John_W who wrote (6807)10/31/1997 8:37:00 AM
From: ted birnbaum  Read Replies (1) | Respond to of 79282
 
It looked pretty strong every time I looked at it. At the end of the
day there was a 10k sell at 1 1/2 and a 13k buy at 1 17/32. The daily
candle it put up was a reverse hammer. Reading the candle id say
it will retreat to say a low of 1 5/16 and move up from there. I would say it looks like it has seen its bottom. The market itself would worry me more. I stayed away from buying myself in case this
weekend brings more news to drag the market down.