Steve's Channelling Thread Message Board

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Strategies & Market Trends : Steve's Channelling Thread

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To: Denice who wrote (7810)	11/14/2000 3:16:47 PM
From: Logain Ablar	Read Replies (1) of 30051

Denice: Depends on the market so its too early to say. Its had some pretty good technical damage and a week ago I would have said yes. Now it has to get by some resistance areas, with $73 area being the toughest but now also $60 & 66. I think the sector is a winning sector and CMRC is positioned to be one of the winners. Even in a slow down companies will spend money if the cost benefit is there. Last I checked volume was light so I expect a retest. We need to see how high it goes on this bounce and how much of a retest it has. Tim

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