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Non-Tech : The Critical Investing Workshop
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To: mrs goldberg who wrote (9652)3/29/2000 2:11:00 PM
From: Jim Willie CB  Read Replies (1) of 35685
 
TA on CREE Research: on the edge, next ledge 30 pts lower

money flow has slipped in the last 2-3 weeks
so as it came down from 180 area, volume has come down also
that is a good sign of sorts

got a clear failed retest last week getting to 180 and fell
daily stochastics looked ok last week on that retest
closing behavior was rather good

relative strength is not all that good now, under midrange 50 level
we are now at the low RSI seen two weeks ago
we responded positively at that low RSI level then

unfortunately he 50day MA at 150 hasnt supported it
I expected it would, and am disappointed
but a cluster of support at 140 exists from early February
the do/die battle is now at 140 support

we got nothing between 110 and 140 to support
no Moving Averages, no buying support history

if 140 fails, say we close near 130, then we are in trouble
if 130-140 breaks down, then we head very quickly to 100-110

but with earnings so near, interest rate digestion about over, and crude oil prices coming down after OPEC sandsuckers agreed on semi-monopolistic policy,
... I say the NazComp correction is about done

maybe Clinton (speaking this minute) should devise an energy policy that extends beyond Utah salt mine reservoirs (how pitiful!!!)

stick a fork in it
/ Jim Willie
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