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Pastimes : ASK Vendit Off Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (17943)	1/6/2001 5:00:03 PM
From: Vendit™	Read Replies (1) \| Respond to of 19374

I dont see anything bullish when I look at the CREE chart. A distinct lack of momentum with lower trend line at about $30. Looking at all tech stock charts through Friday shows the short bull run cant sustain and most stocks will recycle to lower levels where I will be buying. askresearch.com CRA is in about the same technical condition as CREE. It touched its lower support Friday at $29 1/8 and may rebound a little before CREE. Something that I have noticed about the biotech sector is that it will many times move in the opposite direction of the tech sector. askresearch.com