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To: drsvelte who wrote (19325)4/16/1998 12:28:00 PM
From: Broken_Clock  Read Replies (4) | Respond to of 95453
 
***ESV Related TA stuff*** Theory...DA DROP in the OSX...it's either carry over from the S & P or news may have leaked that HAL missed their #s. Since HAL is only off a buck fifty on average volume, I have to go with scenario #1.

My scenario....Looking at the candlestick charts....ESV closing anywhere above 26.50 will form a semblance of a hammer. In conjunction with last Fridays semi hammer and shadow, ESV will form a "tweezers" bottom. Bullish, basically. Today's low was a little higher that Friday's low and right on the uptrend line back to January, indicating a strong bounce with high volume off the support line. ESV will also have very high volume today which is also indicative of a trend change. Bottom line....it's as Baird has indicated. Onward and Upward.