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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: Bryan who wrote (66757)	10/20/1999 4:22:00 PM
From: Dave	Read Replies (1) \| Respond to of 90042

Bryan, I disagree with your assessment of a trading range considering that CS has only tested those two points once in the last 6 months. How did you come up with them? siliconinvestor.com I see an uptrend starting with a bottom in the middle of April. You can connect an upward channel by the three low points going up the graph since then. Also, the two high points roughly parallel the line connecting the lows and form the top of the rising channel. CS is testing the low end of the uptrend and I would expect it to move up from these points. Also, the retrace has been accompanied by decreasing volume - a continued bullish sign. The move up today after an earlier low seems bullish to me and I think any trader who bought today will be rewarded quickly as I believe the downside is limited. Any significant break below $14 would make me nervous. FWIW, Dave