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Strategies & Market Trends : Charts With An Attitude; Trading In & Out

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To: Dave H who wrote (4046)	11/25/1997 3:56:00 PM
From: ivan solotaroff	Read Replies (1) of 4701

CADE--support Dave: IMO, that was a superb piece of charting you did there. Retroactively speaking, following the period during mid- to late-July, in which the forces of good and evil fought the battle over and above that line, a false breakout led up to 2 3/8--which may have been the false line of support that we've spent the last three days breaking through; if no news comes to interfere, my plotting of your line suggests a boing-like support point at 2 1/32. If that bounce fails, it may be the last opportunity to make money with CADE for the near-term. Ivan PS: If you follow SEEQ, which has been experiencing a similar failure, keep an eye out for high volume tmw (too bad about that damned holiday); that could be the next trampoline moment.

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