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Technology Stocks : copper mountain CMTN -- Ignore unavailable to you. Want to Upgrade?


To: Rarebird who wrote (776)9/10/2000 11:40:51 AM
From: cdtejuan  Respond to of 1226
 
agreed.

however, TA tells me that $50 has been a strong support over the last year. I can imagine mm´s driving CMTN through $50 next week to 47, in order to trigger some stop loss orders.

the downtrendline is today around $57 and declining. the descending triangle narrows with cmtn at the support of $50. will be interesting to watch what happens when cmtn falls through the 50´s support. i bet that such action won´t last and will later be interpreted as a bear trap.

juan