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

To: Jerry Olson who wrote (822)	11/26/1997 8:32:00 PM
From: Esteban	Respond to of 1589

Jer, Thanks for the holiday wishes. I hope you and all of us come back refreshed and ready to RUMBLE. Boy, did that underdeveloped inverted hammer from yesterday's KLIC chart need confirmation, or what! Looking for a new signal now. It's at the lower end of a symetrical triangle now that should resolve soon. Since triangles signal continuation more often than reversal, I'm going to be careful here, but only want to enter on the reversal side considering the extent of the beating semi equips have taken lately. We are at 62% Fibonacci retracement of the Sept 97 high from Sept 96 low, a likely spot to turn it around don't you think? Volume was lowest today in more than a month for KLIC. 90 minute candlesticks show no reversal pattern in sight. I'll keep watching. Esteban