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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject4/26/2001 11:59:38 PM
From: Ron Dior   of 37746
 
CIEN has very strong support @ 47. I will be a heavy buyer between 47-48. All of this negativity with the sector could bring us there. If CIEN breaks through 47 support then the bottom will drop back to it's 52wk lows. This will only happen if the market goes back to test it's lows. This chart below paints a nice picture of the support lines.

charts.barchart.com

Ron Dior
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