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Technology Stocks : C-CUBE - For Technical and Option Investors
CUBE 37.23-0.3%Nov 28 9:30 AM EST

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To: HOSEMAN who wrote (111)3/13/1998 8:42:00 AM
From: Terry Whitman  Read Replies (2) of 128
 
I did as you suggested and looked at the LONG TERM chart- It didn't really change my opinion much. Here's my read: 200 Day MA falling, (but flattening). Price well below 200 Day MA (Which is where one wants to enter on the long side). Bottom at end of Dec 97(at 15.8), Upward trend on price and OBV since then. MACD crossed to upside in January.

A bottom of current cycle greater than previous low would signal a reversal in the long term trend. Though it has yet to confirm, I think that the days of short profits on CUBE will soon be over.

Short term (1 mo) Bearish, Long Term Bullish- Unless Dec. bottom violated. Just my read, but you have to admit that even the long term chart looks questionable at worst.

TW
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