Business Objects (BOBJ) - any followers??? Message Board

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Technology Stocks : Business Objects (BOBJ) - any followers???

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To: Peace who wrote (498)	3/12/1998 10:24:00 PM
From: stan s.	Read Replies (2) of 1150

Sanjeev, please excuse the intrusion. I noticed your post on CYMI mentioning BOBJY in relation to a Cup and Handle formation. I happened to notice the spike today and decided to do a chart on it. Following is a chart on BOBJY. The 1st link is mine. The 2nd is a link to to TA analysis site. geocities.com crbindex.com Note the similarity to figure 1. Note the cradling effect of the 200 day moving average. The handle is similar. Notice the low volume coinciding with the bottom of the "cup" and the volume spikes on the edges just as in figure 1. The depth of the cup is about 30%...right where it's supposed to be. Today's move would be the trigger for the buy signal as it pulled over the upper reaches of the cup. I don't own this stock...I just thought you might find it interesting. Good luck, Stan

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