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To: Chris O'Connor who wrote (6842)	6/13/2003 10:59:59 AM
From: Ron	Read Replies (1) \| Respond to of 10714

I use technical analysis a lot. But news trumps TA. And in this case the news isn't good. What we have here is two brothers slugging it out in court and the shareholders paying for it. Too bad. I would think CREE would come back very strongly if this turns out to be just a family temper tantrum. But if not.. could be a real problem for CREE for some time to come... Also has to do with CTHR and probably some hard feelings for the way the brother's deal on that turned out..

To: Chris O'Connor who wrote (6842)	6/13/2003 11:06:20 AM
From: Yogizuna	Respond to of 10714

The chart and my system was telling me (and you can look further back in this thread for verification) that CREE went to an overbought condition, and in the midst of what appeared to be a perfectly normal correction from an overbought level, was trying to hold on to the 28 DMA, where support or resistance is sometimes found. If that support is broken, then usually the stock (many stocks) will then go on to at least the moderately oversold level, with a dip to the oversold or extremely oversold levels not being out of the question. So everything was going normally until the news came out, and now we have reached an oversold level much quicker than I originally anticipated. The TA was still on the ball however IMO.