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Biotech / Medical : SNRS- Sunrise Technologies -- Ignore unavailable to you. Want to Upgrade?

To: Double E who wrote (1116)	6/19/1998 2:52:00 PM
From: emil	Read Replies (1) \| Respond to of 4140

anything from the conference??????

To: Double E who wrote (1116)	6/19/1998 3:18:00 PM
From: TATRADER	Read Replies (2) \| Respond to of 4140

SNRS...Two potential patterns..Descending triangle or with longer measurements symmetrical triangle...First the descending triangle... Apex at 7.00...Usually if a stock will break a descending triangle, it should do it about 2/3 into the pattern on large volume...Otherwise, if it runs to the end of the pattern, there is little technical significance...True the trend is down..+D1=19 and -D1=27(-D1 greater than +D1 means a downward bias)...However the strength of the trend is an ADX of 14...I rate strongly trending stocks with an ADX over 25... So that makes this stock a trading range stock until further notice.. Trading range is 7.00 by 8.25.....Yes, if the stock breaks 6.75 on strong volume, the stock could go to the 4.50 level before reversal... But as of now I don't see that...What would cause this panic is if the company does not get NASDAQ listing, and continues delay tactics in getting it...Thus far the market trusts that they will have it soon... Other pattern with longer timeframe is a symmetrical triangle with apex at 7 1/2...Stock has run to apex, and again no technical significance... I now have to sweep the garage....Hoping to be back for last 15 minutes of market action...For the love of wife...Mark