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Non-Tech : Invest / LTD
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To: Slava Chechik who wrote (1344)7/27/1998 9:52:00 PM
From: Thean  Read Replies (2) of 14427
 
Slava,
CCI's near term trend is down ever since it made it across from the top to the bottom half of its BB. However, CCI really needs to close below 160 before more people are folding their hands. The negative is it is the INTC of bank stocks so being one of the largest caps makes also makes it the most resilient of all, as LT has found out for a long time. Unless the whacky trend reversal happens tomorrow (I think today is just a break), CCI's BB will continue to trend down. Tomorrow morning is probably going to be strong at the open but it is the close tomorrow that counts. If we have two days of up days, the bet on this correction to continue is off again. Three days would just about seal the fate of it.

FGII - will sell at open tomorrow. Should be able to get back in at a lower price.
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