Wolf speed Message Board

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Technology Stocks : Wolf speed

WOLF 17.62

-1.9%

1:53 PM EST

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To: Zirdu who wrote (2348)	3/7/2000 9:39:00 AM
From: Jim Willie CB	Read Replies (2) of 10714

TA on CREE: gonna need a tad of backfilling before advance money flow is indeed strong but relative strength has weakened in last week plus 200 mark looms large with psychological barriers CREE is NOT stalling here, dont misinterpret it is in need of gathering more support the daily stochastic indicator just crossed over down it will soon test support levels 18day Moving Avg at 173-174 will help with NazComp pushing 5000, got some temporary selloff coming I see a bullish ascending triangle forming each time it comes backward, it does so at higher level top of triangle is 200, bottom at 160 next target: 240 the fundamentals on this stock are staggering positive take your pick: new plant, cellphone displays, blue laser, nextgen lightbulb you dont have to believe in TA in order to feel its consequences (supply & demand) / Jim Willie

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