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

To: Jeff Grover who wrote (99)	10/24/1998 12:29:00 AM
From: sean sanders	Respond to of 967

Jeff, KLAC - It looks like it did do a d bottom then for a small asc tri then complete the dbl bottom nicely and then formed a shooting star (gapping candle with a long upper wick). There's a couple things I see ... 1. It may hold above the trendline and start from there. 2. It may form an island reversal and do a bounce from where the neck-line is. or 3. It will not form an island reversal but just go down. Also I circled some areas on the chart because I was curious 'why' it went down. a. Did it form a dbl top and that's why it went down b. Did it form a des tri and thats why (I'm leaning more toward that). c. or something else ... here's the chart before I forget ... geocities.com feel free to comment on what you see Sean

To: Jeff Grover who wrote (99)	10/24/1998 1:06:00 AM
From: sean sanders	Read Replies (1) \| Respond to of 967

Oh I just noticed this on a diff chart ... take a look at KLAC again and then look at INSS ... notice anything similar? a gap before the shooting star a break above the 200 day the thing that is different is that this is a couple days after the shooting star interesting to find out if KLAC behaves the same Sean