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Strategies & Market Trends : Trend Setters and Range Riders

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To: SusieQ1065 who wrote (2247)	1/31/2001 11:40:14 AM
From: Susan G	of 5732

From Netbulls on CFLO Cacheflow, Inc. CFLO $19.38 +1.04 (+4.62 this week) During Sunday's update we reported that shares of Cacheflow were taking a much need breather given the stocks recent rise. Stocks that go up without pausing to build a base are vulnerable to steep pullbacks. Cacheflow's dip on decreasing volume was textbook perfect. On Tuesday it was evident the break was over as the shares rolled up their sleeves and posted a strong gain. Particularly gratifying to Bulls was that Tuesday's rise was accompanied by an increase in volume. The number of shares traded was 2.12 million, comfortably higher than Monday's 1.97 million. This signifies the bulls are ready to get back to work and drive the stock into its next leg up. Long and short-term indicators enjoyed the respite and are now solidly in the Bull camp. Upside resistance remains at the $21.38 level. Support is represented by the $17.50 10-day moving average. Check our "In Play" section daily for updates to our recommended stops.

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