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Non-Tech : The Critical Investing Workshop

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To: Clappy who wrote (25049)	7/11/2000 10:09:45 PM
From: Jim Willie CB	Read Replies (1) of 35685

on LightPath, some little TA comments it showed a nice bullish triangle until late last week when it descended to 36, that strong signal ended but in two days this week, the JDSU news lit a fire under fiberoptic component makers no other explanation, really simple conclusion it bounced off 18day MA at 36 on Friday now it broke out above the triangle's top resistance at 41 that triangle had a impulse low of 34 so a 7 pt potential presents itself today it encountered resistance at 45, a March congestion area I think this puppy can run hard to 48 at least maybe even over 50 on a sudden run today it registered a daily stochastic crossover, my guess relative strenk is looking just ok money flow is looking good I might dabble myself on this breakout from here, downside seems like only 41-42 this fiberoptic bonfire is turning on all kinds of component makers / Jim

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