C-Cube Message Board - Msg: 11013360

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Technology Stocks : C-Cube

CUBE 35.64

-0.6%

Nov 20 3:59 PM EST

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To: stockbug who wrote (44035)	8/19/1999 9:34:00 PM
From: OZ	Read Replies (2) of 50808

CHART ON CUBE IS WONDERFUL... That is if you are a short. The UpTrend has reversed. The reversal occurred on 7/19 when the stock broke the trendline. If that was not enough to convince you, it was confirmed by price action on 7/28 where it failed to rally above the prior trendline and went into a technical freefall to the 27 level. Notice that each rally fails to take out the highs of the previous rally. What ya have is lower highs and lower lows. This is the classic pattern of a downtrend. No amount of chearleading on SI is gonna help anybody. If this is not enough to penetrate thru greed driven euphoria, then consider also that the stock is now trading BELOW its 20 and 50 day MVA (ouch). If the stock does not reverse from the 28 to 29 support area and take out the 31 price level then the next hope of salvation occur when it meets the 200 day MVA. If it fails at this key support level....Well, just look at what happened on 6/06/96 to see the aftermath the first time this happened (the stock has never returned to those price levels). Technical analysis is not hype, or magic, It is reading the fingerprint of greed and fear on the charts and the aftermath that follow such events... Regards, OZ

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