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To: Andrew Vance who wrote (10726)1/14/1998 7:11:00 PM
From: Galirayo  Read Replies (1) | Respond to of 17305
 
*AV* NPL is the Abbreviation I use for a ....

New Price Low Candle Pattern. It's one of the Sakata's Methods.

Are you familiar with a Fibonacci Retracement? After a big run up in a stock has happened it's expected to Retrace back toward the Median??

A New Price Low is a Candle Pattern that shows almost ALL Black Candles and Doji's. So the Stock has been sold off sharply. After the completion of the 8 OR 10 day pattern the stock is expected to return to the Median which in the case of an NPL would be an .... UP direction.

The pattern is much more accurate if the Candle rests on a moving average at the completion of the pattern.

NCTI is now on or near the 89DMA and 100DMA for price Support. And it's completed Day 8. It could be expected to go UP now.

LOG was a Good one near 12/27.

NCTI looked good to me. I pulled the trigger on it today.

Ray