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To: Galirayo who wrote (5279)12/5/1997 2:16:00 AM
From: Eakole  Read Replies (1) | Respond to of 9262
 
Hi Ray,
The A Triangle looked good to me too but apparently there was something I missed. The bar chart offers few clues for such a profound decline other than a test of the $1.25 long term supports of 1990 thru 1996.
However the candlesticks suggested an Evening Star nine days ago. It appeared after an uptrend, . . . .it gapped away from the previous days body and . . . . .it has the smaller body of the two, . . . . but the third day doesnt fit the classic sense of the pattern.
While the smaller trading range of the following days may indicate indecision it also compliments a narrowing trading range of an A Triangle.
Finally, and more importantly I guess the Gravestone Doji, the Four Price Doji and the Hanging Man should have given me sufficient cause for caution.

Candles are new to me but this I have learned, . . . .not to underestimate or ignore them.
I will hereafter illuminate every candle within the stocks immediate trading range before I open my wallet.
Thanks for the query.
What's your read on GTNRs decline?

Best Wishes,
Eakole