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Technology Stocks : Corel Corp.
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To: technically_speaking who wrote (8364)12/27/1999 5:57:00 PM
From: SgtPepper  Read Replies (1) of 9798
 
Stock was up 8% and almost hit the 10-day EMA, which you said will not be done for a while. I think you are full of it, technically speaking.

Chart is in my favorite position, a classic short-covering bounce. Down 33 in 9 days! How could any chartist not see this bounce coming?

Another surge tomorrow morning, and all those buy stops over 20 will be taken out. Aim for the stops at 25 to 27 by week's end. My guess is shorts will be covering for a few more weeks, which should provide very good support.
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