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Strategies & Market Trends : YEEHAW CANDIDATES

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To: arnold silver who wrote (3242)10/6/2003 2:05:37 PM
From: Ken W  Read Replies (1) of 23958
 
Arnie

CTE:

stockcharts.com[m,a]daolyyay[pb50!b200][vc60][iUb14!Lp14,3,3]&pref=G

All things being equal at this point, I'm a little concerned with CTE's chart. Two of the indicators say that the stock should go higher from here, but with the 50dMA overhead at 3.84 I'm afraid that is going to become a hard spot for it now. The 10dEMA (on another chart) has crossed below the 50dMA also making me think that the 3.84 is, in fact, going to fail.

Unless there is some sort of catalyst coming the stock look like it may have to test a horizontal channel line at about 3.20...

Ken
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