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To: pompsander who wrote (2510)	3/28/2000 6:42:00 PM
From: RocketMan	Respond to of 10714

The 50dma is normally a strong support/resistance point for most stocks. For cree, it has been bouncing off the 50dma for some time now, whenever it dips it finds good support there. The problem is that if it drops below the 50dma there is no other support that I see below around 100 or so. So let's hope it holds. As far as earnings, or news, that is usually more important than TA.

To: pompsander who wrote (2510)	3/28/2000 6:59:00 PM
From: Saulamanca	Read Replies (1) \| Respond to of 10714

Pomp, A rising moving average should serve as support for price and and a falling moving average should serve as resistance for price. On 3/16 and 3/21 see how the rising 50 day moving average served as support and price responded by bouncing (note the long shadow on the candle), like a beach ball under water: 207.61.23.98 Today was less encouraging because price did not bounce as it closed right at the 50dma. There is support below at 140 and resistance at 180. 207.61.23.98 A 2 day close below the 50dma could suggest a trend reversal. --Jim