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Technology Stocks : Healthcare.com Corporation (Nasdaq: HCDC)was [HDIE] -- Ignore unavailable to you. Want to Upgrade?

To: Lawrence Burg who wrote (1265)	6/19/1998 2:27:00 AM
From: Raymond James Norris	Read Replies (2) \| Respond to of 15094

How's that fit with the ascending triangle Raymond? Well, the ascending triangle has not been broken yet and is carrying on very nicely. As I stated earlier, remaining above 3 3/4 will confirm the ascending triangle more than anything. For those of you that have the chart, it will be the third time HDIE bears have lost strength. Lawrence: I don't know if you've tried this but try converting your bar chart to a line chart (which basically just connects the closes). It usually gives a much clearer picture by eliminating the "noise" in the markets. In it, the resistance at 4 is readily seen the higher lows sticks out like a sore thumb <g>. I believe your assessment is right on and that basing here 2-3 more days will be healthy for HDIE. Then it should be ready to retry 4 and hopefully break through it. If it can't manage 4, then the triangle will be nearing its end and possibly "break" all together. This isn't technically bad (nice pun?), but then HDIE will look to be more in a trading range than a continuation pattern. I emailed everyone 2 graphs: one showing the current ascending triangle and another showing another ascending triangle that HDIE made at these exact levels back in October of 1995. The resemblance is scary. Conservatively Yours, Raymond J. Norris