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

To: Kevin Podsiadlik who wrote (1677)	7/10/2000 10:51:10 AM
From: Tunica Albuginea	Read Replies (1) \| Respond to of 4155

Kevin I agree that this cup and handle is different from the usual cup and handle formations where essentially the company's fundamentals to change within a few weeks, the right side forms down then the left side goes up etc. In CNC's case what prompted the formation of the right down side ( weak fundamentals ) is unrelated to what prompted the formation of the left side ( the coming of Wendt ). Still however the functional outcome will be the same as a regular cup and handle because a) during the downside right side of cup, most weak hands sold. b) it formed a good, lengthy [ 10 week ] base, c) then broke out on strong volume d)followed by the handle formation as the last weak hands get shed and profit taking New breakout should be confirmed as soon as we break above the pivot point of 11.5. Bottom line is that this, functionally, is a cup and handle , as far I am concerned. I appreciate though your efforts at pointing out any and all darkside of CNC: it helps as longs to stay honest to ourselves, <vbg> BTW if you have shorted the stock I hope you covered by now, :-))) TA Message #1677 from Kevin Podsiadlik at Jul 10, 2000 7:44 AM Thanks for all the backup material. Investorpedia: "As the stock comes up to test the old highs..." Sorry to point this out again, but 11 3/4 was in no sense of the term an 'old high'. Haiku: "The stock rises to a peak, then falls, forming the left side of the cup" In CNC's chart, the left side of the "cup" is simply the acceleration of a longer-term downtrend. There's a natural tendency to dismiss whatever the stock was doing prior to the formation as irrelevant since it's neither part of the cup nor the handle. But I'm afraid it just doesn't work that way. Beware of doing TA with your head tilted at a 45 degree angle.

To: Kevin Podsiadlik who wrote (1677)	7/10/2000 11:15:03 AM
From: Tunica Albuginea	Read Replies (1) \| Respond to of 4155

Kevin wouldn't you agree that CNCwill become just an investment vehicle for Wendt? Yes, I think so, <vbg>. After running 28 diversified businesses at GE Capital he is not just to be content with mobile homes and insurance. I am starting to see big buys coming in again today Kevin: 308000 ! ! ! 10000 15000 Demand remains healthy. Folks in the know are picking up cheao shares from weak hands, all IMHO TA

To: Kevin Podsiadlik who wrote (1677)	7/10/2000 11:49:31 AM
From: Tunica Albuginea	Read Replies (1) \| Respond to of 4155

Kevin, keeps lookin' goood! ( technically speaking <vbg >; Looki this Kevin: OBV rising this AM while stock was falling!!! Old Joe Granville's contrarian indicator !!. Very bullish!!! On Balance Volume (OBV) OBV is a very popular indicator developed by Joseph Granville and is a running total of volume that reflects accumulation or distribution. Each day's volume is assigned a positive or negative value depending on whether prices closed higher or lower that day and a running total is kept by adding or subtracting the volume depending on the direction for the day. The direction of the OBV line is the thing to watch not the actual level. This indicator will often confirm underlying strength or weakness of a price trend and will often signal a top by declining while the stock is still rising, indicating big money is leaving the stock. Conversely, a rising OBV in the face of a declining price trend or an OBV that refuses to confirm a new stock reaction low could indicate smart money is moving in and a bottom may be at hand. . . . And here is our CNC . askresearch.com OBV sharply ( looks better on my eSignal ) rising at 11 AM while price was falling. Lot's of green(volume) = buying too.... Ask has moved up on low volume. 50000 shares just moved at 9 21/32: you know Kevin that this is either some cheapskate Institution trying to get it for nothing, or, even a desperate short trying to cover, just my 6th sense Kevin. Ask now up to 3/4 even as we speak. Don't you love it? :-)) TA@TecnicalAnalysis101.com