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Gold/Mining/Energy : Conac Software Corp COT.V (was Exor Data) -- Ignore unavailable to you. Want to Upgrade?

To: Postman who wrote (486)	2/21/2000 5:30:00 PM
From: Kevin Hamlin	Read Replies (1) \| Respond to of 527

I was very pleased with how COT was trading today. If you look at the daily chart, you'll see the start of what looks to be the beginning of the next leg up. Volume increased nicely today after COT has been consolidating for the past several days on lower volume....another good sign that the next run is now being anticipated. The consolidation the past few days was pretty much textbook. COT touched down to the .52 level the other day. This level was the previous resistance level, and it now acted as very nice support. This retracement to the previous resistance level is quite typical...almost as if the stock had to verify that it was meant to go through this level in the first place. If the next run is establised, (and I think it will be imho by today's trading)then we should see a push through to the .74 cent level. I suggest this level for two reasons. First, it equals about the same distance as the previous run from .48 cents to .66 cents...a total move of about .18 cents. If you at that .18 cents to the consolidation level of about .56 cents, you get .74 This "equal distance" move after the consolidation is quite typical. The second reason I suggest .74 cents is that you can see this coming up as established resistance from about a year ago. Now here's what's intriguing. COT has been almost a textbook case of resistance, consolidation, and very nice upside moves. What is really interesting is the next move coming up. Yes, there is resistance showing at .74......but after that, this stock is homefree with a LOT of daylight after that. Imho, I think we'll see .74 act as resistance, but not for very long. It's too key an area on the chart, and a lot of buying will come in at/near that level which should push us through .74 cents very nicely and then beyond. Imho, the moves up so far have been enjoyable. The next one I think will be the start of something substantially more exciting as far as overall movement goes. Regards, Kevin