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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 681.43

+1.6%

4:00 PM EST

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To: mattie who wrote (35670)	12/27/2001 3:37:02 PM
From: Johnny Canuck	Read Replies (1) of 67801

mattie, CFLO does not look like a cup and handle to me. Depending on where you draw your cup, the run up from September is too dramatic to be classified as a cup and handle. If your handle duration is through the Oct, Nov, Dec period, it is too long to qualify for a handle. Remember patterns are not my area of interest though. It is on the verge of being overbought, but is basing nicely this week above resistance and looks to have a shot at $3.00. askresearch.com I like the fact insider bought in Sept in the $1.30 area with no sales to date. biz.yahoo.com I don't like the fact that they have only $61 mil in cash with a burn rate of $19 mil a Q though. If the turn around does not appear in the 2H 2002 as I expect, they will have a liquidity problem.

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