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Biotech / Medical : CYBR CyberCare the new look of healthcare
CYBR 462.86+0.7%Dec 12 9:30 AM EST

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To: Tadsamillionaire who wrote ()3/31/2000 8:47:00 AM
From: sommovigo   of 3392
 
By: Portastock
Reply To: None Friday, 31 Mar 2000 at 8:21 AM EST
Post # of 51993

Technical Analysis:

Yesterday's Hammer, as you know was significant. You know it. Most of all, the shorts know it. The 2 preceeding days were inverted hammers. Also significant as bottoming and reversing patters. The hammer rested above the 100 day moving average which is regarded as a strong area of support by traders. A hammer resting on the 100 day is about as good as early buy signals get. It takes a couple of days for other oscillators to turn up and when they do, the move is usually well underway. Yesterday, hourly stochastics turned up with bullish divergence and indicated a buy.

Today's candle was technically a "doji" which are usually considered neutral as the struggle between bulls and bears was about even (however, the bulls did get an up close.) The bears tried to take advantage of the extreme weakness in the NASDAQ late this afternoon but were unable to inflict a successful assalt...another plus for CYBR. This doji has other significance. The body of the doji was within the body of yesterday's hammer. When this occurs it is called a "harami" (in this case a harami cross---Chris---if you catch this post, please follow up with excerpts from the Candlestick Text Book regarding this significance.) Haramis' are particularly powerful. I have addressed this several times before (december time frame for those checking previous post). A breech of 15 5/8 will be a strong buy signal off of the harami. THE SHORTS KNOW THIS AND CANT DISPUTE THIS EITHER. They can only try to create doubt about the company and psych you out...you have something going for you in the charts and they know it. That is why they are here tonight.

Last night I report the HUGE RUN-UPS of CYBR following a Hammer. Almost all of those hammers had a doji right after them.

I figure that just about ALL of the MARGIN CALLS have been blown out now. Strong hands hold this stock now. The shorts know this as well. Why do you think they are here tonight. THEY DONT HAVE FACTS OR TECHNICAL ANALYSIS ON THERE SIDE. All they can really hope for is a GAP DOWN to give them the convenient, easy, exit!!! WE CAN STOP THAT!!!

Other indicators:
1)Daily Stochastics turned up today.
2)On Balance Volume turned up today indicating that distribution is over and accumulation is beginning.
3)Significant Gap to be filled at 19.
4)Very little overhead resistance after 15 5/8.
5)Market Makers know that they have inflicted MAXIMUM PAIN on Longs now and that the stock is in very strong hands. The next greatest points of pain and tremendous activity (market moving inflection point) will be to close in on the shorts. During times of lulls they will start to walk the stock up to where they know the greatest amount of transactions will occur. This will be where SHORTS WILL BE FORCED TO COVER or SUFFER REAL PAIN. Shorts know this too and the bulk of them will not only cover---they will become long opportunist as well.

If volume gets great or when the run-up gets large, the friendly daytrader will join the fray as a MO-MO player.

SHORTS REALLY DONT HAVE A CHANCE.....TIME TO GET MORE FRIENDS INVOLVED!!! If you hesitated today, you are needed tomorrow to step up to the plate! You cannot be a spectator!

Longer and STRONGER,
Portastock
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