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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: JeffA who wrote (62062)9/23/1999 10:25:00 AM
From: ok1day  Respond to of 90042
 
OK Jeff....CS TA...Before I start...Any news makes TA null and void. TA does not take major news into consideration!

TA Looks mighty ugly......All indicators heading down. First support @15. If it reaches that, then it crossed th 50dma.

The candlestick chart does not look good. However there is a big gap to fill from 17.9 - 19.5. In the next few days we shall see if it will get filled. I believe it will because there was no reason for the stock to have dropped ;in such a sudden manor due to CPQ news. The earnings came in good.

This of course is JMHO.....I am waiting for the buyout.

Ossnat



To: JeffA who wrote (62062)9/23/1999 10:41:00 AM
From: Bald Eagle  Read Replies (1) | Respond to of 90042
 
IMHO, purely from a TA perspective, CS is heading some lower before turning around. How much lower? I don't know. I'll only know after it has turned and started heading back up again. I'm tempted to sell some covered calls, but then if there is a takeover, I'd leave a LOT of money on the table. What to do?? The eternal question when playing on Wall Street.


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