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Strategies & Market Trends : Candlestick Charting--The unknown indicator -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Olson who wrote (792)	11/25/1997 6:56:00 PM
From: Esteban	Read Replies (1) \| Respond to of 1589

Jerry, Been watching KLIC. It's been turning on good candlestick signals. 10/31: hammer; 11/6: dark cloud; 11/13:hammer; 11/21: engulfing. Today: inverted hammer (almost). Not as clear as the others though. Look for confirm tomorrow. SMOD: star = indecision. Needs to break out of 11/24 range. IOM: Hasn't been making candlestick patterns lately. NSM: No reversal pattern in sight. Looks bearish. Those are my reads as far as candlesticks go, KLIC looks promising for UP. Esteban

To: Jerry Olson who wrote (792)	11/25/1997 7:24:00 PM
From: MonsieurGonzo	Read Replies (2) \| Respond to of 1589

Yo, Jerry; RE:" IOM KLIC SMOD NSM " IOM last support ~30. Weekly Chart: making a Hanging Man up there near resistance at ~32-5/8; UpTrend intact but kinda resembles a blow-off, don't it? Daily Chart: made a Dark Cloud on Friday; a Bearish Engulfing Pattern on Monday, breaking the UpTrend; made a Bullish CounterAttack Piercing Movement today. If it can bust resistance at that Top around 32-5/8, call it a new UpTrend. Watch out for Shooting Stars (Bull Traps) - a big rise up that fails and falls back to where it started. Cult stock. Legal Stuff and other going's on. KLIC no trend - making a triangle with ascending bottoms and descending tops on both W and D charts. Resistance ~32, support ~28; One assumes any breakout indicates momentum (?) AMAT in exact center of trading range. SMOD today's candle a spinning top, after Dark Clouds Friday and Monday. Last support ~59. Daily Chart UpTrend intact, but it would still be intact if it dropped to 50 - it's a wide-channel. If it breaks support at ~59, it'll probably close the Window (gap) at ~54. NSM Weekly Chart shows congested trading range just like the one on the left side of the chart. Daily Chart: little down - draft, may have some support at ~33, else next ~32; no big reversal indicated. Wish I knew more about the 'sticks, Jerry - none of these have easy - to - read "reversal" candlesticks. BTW, both MSFT and IBM broke all the candlestick rules by going ballistic today! (^_^) anytime. -Steve