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Technology Stocks : FORE Inc. -- Ignore unavailable to you. Want to Upgrade?

To: VegasMan who wrote (9883)	12/7/1998 4:41:00 PM
From: Ed Frye	Respond to of 12559

Hi VM, >>FORE seems to be lagging the market again. Yes indeedy. The bulls and bears seem to be in a standoff at the moment. The bulls drove us above 17 1/4 resistance and have given us two closes above that resistance, making it stronger support. But the inability to sustain upthrusts to 18+ the last 3 days tells us the bulls have not yet wrested full control from the bears. The candles support this view. Today was a small small black candle with wicks in both directions which, when taken by itself, is fairly meaningless. However, if we interpret THU/FRI as a single candle (tall white) per my previous notes, today's candle gives us the 2 day Harami pattern. Haramis are like applying the brakes, indicating a lull in the market, but not necessarily a market top. Could last a few days, could last longer. ed