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Strategies & Market Trends : Chart Formations -- Ignore unavailable to you. Want to Upgrade?

To: sean sanders who wrote (70)	6/14/1998 8:55:00 PM
From: Greg McDaniel	Read Replies (1) \| Respond to of 967

I reviewed the chart. Looks like a hammer candlestick formation on Friday. Is a trend reversal about to take place for this stock?

To: sean sanders who wrote (70)	6/15/1998 3:12:00 AM
From: Chris	Read Replies (1) \| Respond to of 967

excellent work.. nice drawn lines of the head and shoulders.. will help you get some good charts picks after my finals. i would like you to also use candles and analyze them. i want to learn candlesticks in the near future as well. keep up the good work!

To: sean sanders who wrote (70)	6/29/1998 11:30:00 AM
From: mark bailey	Read Replies (1) \| Respond to of 967

I would like some thoughts from someone with more experience at chart patterns/TA than myself. I'm looking at the very interesting pattern that EFII has been forming over the last few weeks. It looks like one of 2 patterns: 1. Descending Triangle-with a target price of $11 to 13/share. 2. Pennant Formation-break to the upside, possibly challenging the most recent high of $28. The last stock I saw with this type of pattern was Nextel earlier this year. It looked like a Descending triangle and after the 4 th bounce (which is what EFII looks like it just completed), it make a strong run thru it's recent high before falling back. On a fundamental basis, with some modest assumptions on the recovery of sales, I had a valuation of between $21 and $28/share (made this estimate in December). I would be interested in others perspecitive. Thanks.