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To: Gottfried who wrote (1552)	1/30/1998 11:34:00 PM
From: Herb Fuller	Read Replies (1) \| Respond to of 1894

Gottfried , Re:>>>While you're at IQ Charts, could you, please, identify IOM's candles?<<< Gottfried , I could not find anything in ANAD's chart that could have more effect on the drop in price that would compare with the news below . The candles on the chart to me were indecisive . ----------------------------------------------------------------- January 30, 1998/FOOLWIRE/ -- Gallium arsenide integrated circuit company Anadigics (Nasdaq: ANAD) was crushed for a $19 9/16 loss to $14 1/4 after reporting earnings and issuing guidance for the coming year. Q4 EPS of $0.30 beat estimates of $0.27, but the real story is in the forecast for 1998. The company said, "As we enter 1998, however, we are experiencing a substantial reduction in orders and forecasts for orders from our wireless customers, which will result in significantly lower sales in the first quarter and could result in a net loss for the period." SNIP: ------------------------------------------------------------------ When you interpret charts you should be aware that outside influences will move the price short term . That is why Monthly candlestick charts are more reliable than daily or weekly charts . There are day traders that use intraday candlestick charting effectively. I am not a day trader but I know how it's done . To tell the truth I am gettin lazy in my old age .I would rather buy and hold but after this latest downturn of IOM I am considering doing some in and outs from time to time . Herb