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Technology Stocks : CPTL -- Ignore unavailable to you. Want to Upgrade?

To: David Rubin who wrote (70)	11/10/1997 1:03:00 PM
From: Froman	Respond to of 199

Would you mind sharing how you can come up with such a precise resistance calculation? Well, there's really no secret to determining resistance/support levels of a stock. Just go look at a long term chart of CPTL and those places where the price peaked on an up trend is where you'll find your resistance points and those places where the stock bottomed on a down trend is where you'll find support. So far, CPTL has been blowing away the resistance points but has currently backed away from the one it hit today ($15 5/16) but I suspect it'll make another run at it again shortly. I certainly don't know the reason for such a strong move over the past couple of weeks except that possibly with some many stocks struggling to maintain their current levels, any stock with an upward bias is attracting attention and momentum. How much further it'll go is anybody's guess but as long as it keeps moving up on strong volume, I'm still in. Good luck to all! Fro