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Strategies & Market Trends : Befriend the Trend Trading
SPY 670.92+0.1%Nov 7 4:00 PM EST

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To: Bald Eagle who wrote (6068)1/24/2000 4:52:00 AM
From: Charles Kalb  Read Replies (1) of 39683
 
Thomas.......Foregive me, during this very quiet period on the thread, for bringing an OTC Bulletin Board stock as one to look at tomorrow, but it does have several of the desirable characteristics of stocks discussed on this thread:

* CDNO is a reporting company, a shell which is in a Reverse/Merger process. Volume is very high. Closed on Friday at 0.120 up 55.8%. I do have a position in the stock.

* Very interesting TA. My analysis concludes that Friday's gain completed, simultaneously, an Inverted Head and Shoulder (H&S) and a Cup and Handle (C&H). Details at:

Message 12655947

* All indications are that Monday might present a great day trade opportunity assuming that it does not gap up too much at the open. There is a real possibility of a 50% move.

* The chart formations are a little difficult to distinguish on the Timely.com chart, but key highs are at 8/3/99 and 11/29/99. Draw a line through these highs to define the formations.

207.61.23.98

Be careful out there.

Charles
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