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  • crashof98 crashof98 May 4, 1998 1:05 PM Flag

    CRASHOF 98

    SHORT HWP, ran up over 20% in the last four days,
    now showing signs of a top: bearish engulfing
    candlestick pattern, overbought stochastics w/ crossover, 15%
    divergence from 20, 50 & 200 days moving averages, stock
    currently up $1 today which is the midpoint of the last
    black candle. Good reward/Low risk.


    IR Ingersoll Rand, hanging man candlestick pattern
    at $46 which followed a hammer pattern on Tuesday.
    The hanging man at $46 is a 50% retracement from an
    upward move from $37.50 to $54.00. The company posted
    strong earnings on April 22. Stochastics are oversold w/
    a crossover, stock has diverged significantly from
    its 50 day moving average. Look for a retest of its
    high at $54 (unless the bubble bursts of

    AAS Amerisource Health Corp., Bullish engulfing
    pattern at $54.25 which was the midpoint of a logn white
    candle on September 12th, 1997 and support at a hammer
    pattern on 12/19/97. Stochastics are oversold and
    crossover has occurred. Stock has fallen from a high of $64
    on March 6th. Target $58 which is an approximately a
    50% retracement. If the FTC drops the injunction on
    the merger with McKessen, this stock will skyrocket.
    This is a very safe long with all the technicals in
    good favor. Company posted GREAT earnings on April
    28th with revenues increasing 28% !

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