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Non-Tech : Claire's Stores (CLE) NYSE

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To: Steve Fischer who wrote (280)3/21/1997 11:23:00 PM
From: Carl Yee   of 619
 
Been gone on a week of skiing, so haven't been online. But the MACD looks better than before. Both quick and slow lines are headed up wards and are positive. Volume on downdays is quite low (assume that means most of the bears and or sellers are outof the action). Volume on up days is higher and indicates buying by longs for value (?).

CLE has finally established an upward trendline and we are above the 50 day MA for the first time in a long while. We could have some downwards price pressure just based on the fact we are at the upper edgre of the channel, but I like the trend line I see now.

Carl
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