Chart Formations Message Board

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Strategies & Market Trends : Chart Formations

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To: Casaubon who wrote (344)	2/15/2000 9:42:00 PM
From: Hawkmoon	Read Replies (1) of 967

IFLO's chart looking really interesting. Today's action seems to indicate a test of resistance at $4 1/2. I imagine if it fails to pierce that level then it will likely retrace around this level for awhile. But if it makes it, then you should have legs to $5+ But that's one heck of a C&H formation. I had to do a 3 year chart to fully appreciate it. What's the news on these guys? Btw, CMRC is showing one of the most beautiful double bottoms I've seen in some time. Both the daily and weekly stochastics have turned positive and she looks like she is ready to run. Also, AXTI and AWRE are looking awesome as well. The wife and I were looking for a place to redeploy her QCOM and YHOO positions since they look to be breaking down again. Regards, Ron

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