The 56 Point TA; Charts With an Attitude Message Board

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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: stock talk who wrote (32526)	11/6/1999 2:25:00 PM
From: Doug R	Read Replies (1) of 79198

st, CYLK has been hitting our scans since August. techstocks.com It's gotten to the point of becoming a "usual suspect". An inverted head and shoulder-like formation can be seen from 10/15. A downtrending neckline was taken out at 7 9/16 on Fri and volume appears to be ready for expansion into upward price movement. There are also several momentum factors in the chart that give it a good chance of breaking over an uptrending line of resistance along the highs on 8/26 and 9/14. A nicely tight protective stop can be placed on the line along the lows on 7/9 and 8/5 to make it a good low risk/potential high reward entry here if Monday's early trading shows good volume and an upward tendency. Significant resistance may be seen at 8 3/4 but a move over that price will be a strong buy signal. Doug R

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