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Strategies & Market Trends : CHARTS AND TA, A UNIQUE APPROACH -- Ignore unavailable to you. Want to Upgrade?

To: Magnifique who wrote (1197)	11/8/1997 11:32:00 AM
From: stan s.	Respond to of 1391

CPWR...I'll check it now and post a chart. eom.

To: Magnifique who wrote (1197)	11/8/1997 12:23:00 PM
From: stan s.	Read Replies (1) \| Respond to of 1391

CPWR...there's nothing inherently ominous in this chart. The worst thing is the MACD sell signal in the middle of the split. The buy signal was only a day or so old however. geocities.com The early August MACD sell resulted in a basing pattern rather than a major decline. This stock shows a healthy tendency to base (narrowed Bollingers) and then start a new leg up. The short term momentum indicators are pointing down as well but again for now there's no reason to assume anything worse than a test of the 30 support line is forthcoming. This support at 30 is reinforced by the weekly chart (not shown) as well. I would be concerned about a close under 30 and I would bail at a close under 28 else you could be facing the lower 20's. For now the Chaikin A/D Oscillator is holding up well. I don't follow the news on CPWR...this could be a market reaction more than a stock problem. Good luck...and thanks for the tips. Stan