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

To: Double E who wrote (1141)	6/22/1998 5:52:00 PM
From: Gordon A. Langston	Read Replies (1) \| Respond to of 4140

A gravestone doji is a trading session in which the open, low and close are at the bottom end of the sessions range. Whether they are talking about a daily, weekly or monthly chart I don't know. It looks like a wooden memorial used in Buddhist funerals that is placed at a gravestone. It is said that those who buy at a high price level after this doji will die and become ghosts.

To: Double E who wrote (1141)	6/22/1998 5:55:00 PM
From: HeyRainier	Respond to of 4140

[ EDITED ]Hello Double E, Sylvester, and TATRADER: Please pardon the commotion I have introduced into the thread. Let me try to explain the concept of the Gravestone Doji... ...but first, I have to start with the Doji concept (pronounced dough-jee): A doji is a particular price development that can best be seen through a Candlestick Chart. Most charting programs allow one to switch from standard Bar Charts (Open-High-Low-Close), to Point and Figure Charts, and finally, Candlestick Charts. Candlestick charting has been around for hundreds of years; it was used by Japanese rice traders to help define the supply/demand psychology of traders for a given trading day. Mighty powerful stuff to add to one's technical arsenal, if you know how to read the signals. Now, back to the Doji: When a stock swings from its high end to its low end (or vice versa), only to close at such a point that the change is hardly perceptible, that is called a Doji. It is a symbol that signals indecision, and its significance bears more weight when it is found at market peaks or valleys. Now, how does this relate to a Gravestone Doji? A Gravestone Doji is a special variety of Doji, and it has the following characteristics: the stock will trade positively from the open, reach its high, but close near where it opened, which is the low price for the day. "This cannot possibly be interpreted as anything but a failure to rally"(Candlestick Charting Explained, Morris, pg. 15) Some claim that it is more significant at market bottoms (where it is interpreted as a Bullish sign) instead of tops (i.e. it is more effective as a bullish indicator rather than a bearish indicator). No matter the interpretation, it certainly portrays a sense of indecision and a possible change in trend. Did SNRS form a Gravestone Doji today? Not really, but there are signs that bullish sentiment is starting to make itself more evident in the battle between Bull and Bear. But this analysis depends on where you characterize the action to be taking place, at a top or bottom Overall, the technical picture seems to be improving rather than deteriorating, but this opinion can turn on a dime if something unexpected happens. Regards, Rainier

To: Double E who wrote (1141)	6/22/1998 7:10:00 PM
From: TATRADER	Read Replies (2) \| Respond to of 4140

Double E, the next 2 years are going to be like this for SNRS...Look at the chart on VISX....But my TA is not bleak...Ranier, please feel free to paint gloom and doom story, we need both sides of the TA picture...I do see the violation of the trendline..... Today the stock broke into the envelope channel and held at close...The envelope channel is from 7.64-8.50...The stock closed higher than its open...RS moved up to 48.55, ready to take out 50, which is a bullish indicator...Smoothed rate of change moved up for the first time in weeks to 90.99...It had been in a downward spiral.. The Historic Volatility on the 6 and 10 day is calling for a pop... If the overall market could just get its summer rally under way, the pop in my opinion will be up to challenge the 8.50 area...As you can see, I am bullish on SNRS....All bets are off if we dodge below 7.00 on strong volume....Mark