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Gold/Mining/Energy : Net Shepherd Inc. (WEB) on ASE -- Ignore unavailable to you. Want to Upgrade?

To: Denise D who wrote (15)	4/9/1999 10:35:00 PM
From: VisionsOfSugarplums	Read Replies (1) \| Respond to of 1252

Hi, Denise. Thanks for the response. Same here re looking at another session for confirmation of the trend. See a couple of potential formations on candlesticks - need another day or two to confirm. Today's candlestick could be the formation of the evening star pattern - would be confirmed by a close lower than open on Monday and at least down to the $1.50 range - a top reversal pattern. The candle from Thursday was very bullish, however the star candlestick from today shows a weakening of this trend. So, that is why I am looking for confirmation on Monday. Using some of the other indicators (OBV, Stochastics, etc.), I see some of what you see except I am very bad at these and typically just use them to help confirm candlesticks. I find stochastics particulary useless in a trending stock as they always give overbought (or oversold, depending) indications - not sure how you overcome that. Looking back at the chart from CSW, I see a reversal of trend on March 23 - similar to you. I am no expert - am still learning (to help improve my trading). It will be interesting to see if the popularity of internet stocks continues next week. On CNBC, some analysts were saying that they thought Compaq's poor earnings warning may affect that stock specifically, but many are looking to Intel on Tuesday to see if it will spill over to the other tech stocks. Some thought the internets would still be strong - and in fact money would move out of techs and into internets. Everybody is a little nervous, though. Good trading to you! Regards, t.