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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: TREND1 who wrote (21371)	1/12/2002 2:04:47 PM
From: Zeev Hed	Respond to of 99280

Larry, I have not followed the company, but I looked at a chart right now, and i would say that here is a good place to sell, I can easily see the CPWR going back down to $10. It seems to have put in a double top, and more importantly, on the second top both OBV and money flow failed to make a new recovery high, the latter actually has gone negative, a bad omen. Relative strength also seems to have peaked at a lower level than the last run to the mid $13. The $14/14.5 area is a major problem, five attempts in the last 12 months to go through and the last two attempts with weak technical background. If that is taken out with volume (some 10 MM shares daily for few days?), than it could be ready to go much higher over few months post that break, target probably around $21/$23 if such a break were to occur. I do not see much likelihood of such a break before another retrenchment to the $10 area. Just IMTO. Zeev