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

To: Ed Frye who wrote (9924)	12/9/1998 9:56:00 PM
From: Ed Frye	Read Replies (1) \| Respond to of 12559

Since it is so quiet here tonight, I will answer my own question. >>was today the dreaded dark cloud cover? DEFINITION - A dark cloud cover is a 2 day candlestick pattern that is a top reversal after an uptrend. The first day is a strong white candle and the second day's price opens above the prior session's high, closes near the low of the 2nd day, and penetrates below the halfway point of the first day's white candle. (The greater the degree of penetration into the white real body, the more likely a top will/has occurred.) (Paraphrased from Japanese Candlestick Charting Techniques by Steve Nison.) According to the above definition, today was NOT a dark cloud cover because today's close did NOT penetrate the body of yesterday's white candlestick. Instead we have a single black candle day that both failed to maintain a gap-up opening and closed on its low. Although perhaps not as ominous as a dark cloud clover, it is still a bearish signal. ed