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To: Boplicity who wrote (11425)3/11/2001 12:30:11 AM
From: Jim Willie CB  Respond to of 13572
 
thanks, Greggy
I knew I could count on a thoughtful reply
this one needs a fork stuck in it
any move toward its 18day MA is a turkey shoot short
/ jw



To: Boplicity who wrote (11425)3/11/2001 12:30:11 AM
From: Jim Willie CB  Read Replies (1) | Respond to of 13572
 
thanks, Greggy
I knew I could count on a thoughtful reply
this one needs a fork stuck in it
any move toward its 18day MA (74) is a turkey shoot short

downtrend barrier becoming clear, 70's hard to hold now
all my MA's showing downtrend now: 18MA, 30MA, 50MA
money flow exiting is monstrous
relative strenk is mediocre at best
thus CIEN cannot do better than the market lately
60-65 might be defended to the death
but it looks to me like a destined failure
then longs bail out for a careening ride toward 40+/-
we concur, and with that, I can rest

in fact, the bear triangle is huge from Christmas
it shows a target of 65 minus 45 pts down to 20
aint gonna happen
so a powerful scarey ride down might ensue
big word "ensue"

smaller bear triangle just since Feb
it points to target of 65 minus 25 pts down to 40
much more likely
then re-evaluate for further devastation

I ask how Ciena can withstand assault when Uniphaz collapsed ?
take care, keep warm
/ jw