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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: James Strauss who wrote (11502)1/28/1998 10:28:00 PM
From: Dwight Schwarz  Read Replies (1) of 79284
 
Jim,

Another stock that I believe mirrors the ATCO scenario today was CACC.
They announced earnings would be delayed and stock dropped from close
yesterday of 7 1/4 to a intra-day low of 5 1/4 this a.m. I believe it
closed at the high of 6 1/2. Any chance this might be good for 1/4 to half point run at the open tomorrow? Rode CXI today 5 3/16 to 5 7/8. It's amazing how after a few good days one starts thinking every
stock has a potential 1/2 point gain in it. I need someone elses opinion. Thanks if you or anyone else wants to give their best guess on this for tomorrow.

Dwight
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