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Technology Stocks : Stock Swap

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To: Dale Knipschield who wrote (16263)2/23/1999 1:29:00 AM
From: Trader X  Read Replies (1) of 17305
 
re: CYMI chart

I hate to be the one who's saying the sky is falling, but my reading of the cymi chart doesn't look so great.

206.146.143.80

IF support fails at $24, we will be seeing a test of the $18- 20 area soon thereafter. The problem is, the stock appears to be ready to test $24 again for the third time in a month, and the third time is usually the charm, as they say. Keep your fingers crossed.

On a lighter note, WAVX looks like it's about to retest the recent high around 13-14, good news for those of us riding the Wave again.
I was fortunate the stock is on the BB, since I couldn't put in a Stop at 8 3/4 like I wanted. I sat on my trigger finger as the stock bounced off 8 1/4 last friday and turned the corner.

tx
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