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Technology Stocks : C-Cube
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To: Brian in Honolulu who wrote (20415)8/12/1997 9:00:00 AM
From: FloydP   of 50808
 
<<How can you possibly be reading 3/4 pt moves as gaps in stocks>>

As a chart reader and a TA freak I just simply look for gaps in the
charts. It is a fact of life that 90%+ of all gaps are filled.
Pull up a last 100 day CUBE chart on SI and you'll see two gaps.
The most significant one happened in mid May when CUBE took a big
drop from the 26 level to the 16 level. The gap there was a full 6 points. It has been filled and the second one on July 24 has been
for all intent and purpose been filled. Thats the kind of thing
that needs to happen for the stock to go higher, which it now will
undoubtably do.
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