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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: T L Comiskey who wrote (7347)	10/11/2000 4:26:43 PM
From: Jim Willie CB	Respond to of 65232

TA on CREE: bear signals (heading to zero, tongue in cheek) since March a clear bearish triangle presents itself we saw a March high of 195 it careened to lows of 95 in April June 165 was the reaction high July 155 was the next reaction high back to 90's in early August another reaction high of 140 in late August so we have 195-95 equaling 100 potential points a baseline of 95 held today if base95 breaks down, then next target is minus5 95 minus 100 equals minus5 where will it go from here? I tend to believe 90-95 support will hold it has succeeding in holding that level four times since spring I have a couple March100 calls down almost 50% a sell stop would have been wise sorry I didnt employ it great fundamentals, erratic & shizo chart / Jim