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

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To: Wayne Eggleston who wrote (91)1/4/1997 12:59:00 PM
From: Charles L. Bushey   of 619
 
Wayne, You might be interested in this TA evaluation of CLE on a good thread techstocks.com
Base on Dan Z's TA and my own evaluation of the indicators there still seems to be some downside movement left in CLE before it moves back up. In my opinion it will likely retest resistance on the weekly Bolinger Bands @ about 11.5 as it did a few days ago. CLE does have potential to make a good upside movement but indicators are not all that positive at the moment. Hang in there, it will move upwards eventually for at least a 3-5 pt gain. If those last quarter earnings are as postive as rumored it could move very quickly and maybe even to a larger extent.

Snow Ghost in MT
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