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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF -- Ignore unavailable to you. Want to Upgrade?

To: Pullin-GS who wrote (9146)	11/13/1997 2:57:00 PM
From: Jeffery E. Forrest	Read Replies (2) \| Respond to of 22053

Take a look at the Semi's, Semi-Equips and Box-makers. I haven't been getting any clearcut signals inre these guys. RSI, Stochs, MACD, etc have all been indicating oversold, but they just keep getting MORE oversold. This is when I wait for a Candlestick to light the way. We might be getting that signal NOW. Several of the quality blue-chip issues in these groups appear to be forming Hammers or Dojis. I'm looking at the open, the low and trying to anticipate a closing price. To make a good hammer there should be a two to one ratio between the open/close and the low. For every ONE point between the open and close there should be two points to the low. ex.-it opened at 10, had a low of 7, it would need to close at 9 to make a Hammer. Here's the stuff I'm playing with. The numbers can be fudged a little, but they should remain as close to the 2 to 1 ratio as possible. Open Low Needs close at/above to form a Hammer NVLS- 39 35 37 3/4 LRCX 34 31 33 ASMLF 68 1/2 63 66 1/2 AMAT, INTC, ALTR and alot of the others in these three groups look like they're doing the same thing. Take a look. If you see some good ones, lemmee know. Forgot to mention-Volume is also backing up this scenario. Still don't like the networkers. Maybe tomorrow.<G> For the time being I'll continue to scalp points. Yer right about COMS- looks like a trader for now.