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Non-Tech : Conseco Insurance (CNO) -- Ignore unavailable to you. Want to Upgrade?


To: timers who wrote (1501)7/3/2000 10:43:40 AM
From: brad greene  Read Replies (2) | Respond to of 4155
 
Trading Pattern

Tabler,

Today's trading pattern is looking very much like Friday's.

Note that over the last 3 trading sessions, CNC has closed higher than the intraday high for the previous day. This indicates very strong technicals.

As with Friday......the last hour will tell the tale. A close above $10.125 would be very bullish.

Where this would get really interesting....is on a 2 point up day. I hope this day is close......perhaps the day Wendt speaks to the Street.

Until then......it would seem that the trading pattern is good for the bulls.....and seems to be a "slow burn" for the shorts.

They are a dedicated and well organized group....so I'm sure they will do what they can.

I think long is the best position to be going into Wednesday morning.....but I can't say what the shorts might be thinking. They must not be looking at the charts.

Happy Trading

bg