Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: DOUG H who wrote (18276)	1/16/2001 3:32:55 AM
From: Walkingshadow	Read Replies (1) \| Respond to of 19374

Doug, That's the sort of volume surge typical of stocks reversing trend. CPST may just prove to be doing just that: askresearch.com Arguing for this is the recent uptrend off the short-term bottom, plus the close above the 50 day ema, which CPST has never closed above since the current downtrend began. Also, this breaking the 50 day barrier occurred on increasing volume, a good sign, consistent with a reversal in the medium-term trend. But as you know, this won't be confirmed unless and until CPST closes above all its long term moving averages, they cross and become upsloping, and CPST forms higher highs and higher lows above these moving averages. For now, it looks like CPST is likely headed in this direction, but it is too soon to tell for sure. Already, the 10 and 20 emas have crossed, and are upsloping, and CPST has gotten way ahead of them: askresearch.com Also, for right now, CPST has gotten overbought as you can see. I sure wouldn't chase it, but if it corrects for 3 or 4 sessions, I'd consider an entry if it reversed above the prior low (about 24). CPST has pierced the upper band of the 25 day BB, and on this chart I would anticipate a reversal near the mean of the BBs, which would also be about 24 or 25. 207.61.23.99 15 min intraday is illuminating, I think. The Williams free fall is mostly because of the last candle, but the MACD sure isn't: askresearch.com 11/27, 12/7, and 12/11 were high volume days. After 11/27, there followed a selloff down to the reversal candle. The other two high volume days were immediately followed by lower volume correction days within the context of a short-term uptrend. So, as you imply, next on the agenda for CPST is likely a few days of correction on low and probably decreasing volume, followed by a resumption of the short-term uptrend. JMVHO............ T