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Technology Stocks : Wolf speed
WOLF 21.03-8.0%Dec 10 3:59 PM EST

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To: pompsander who wrote (3365)8/2/2000 5:24:18 PM
From: Yogizuna   of 10714
 
Nope, no bounce today as those Nitres folks were probably dumping their shares at any price before they went even lower.... The weekly chart really signaled this pounding the shares are taking when it rolled over last week, which as it turned out, proved to be a major warning shot across the CREE shareholder bow..... Trouble is/was though, that most of us, even many chart technicians, do not pay enough attention to the weekly charts of stocks and indices..... And even though I constantly mentioned the danger of the weekly chart in my posts, I too ignored it when my daily chart system went to a buy signal, which is now back to a hold by the way. Strong hands are needed now to come in and support the stock, or we can easily dip below 80. Yogi
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