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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Steve Smith who wrote (3962)	11/29/1997 7:45:00 PM
From: Chris	Read Replies (2) \| Respond to of 42787

Hi Steve, welcome.. COBR: things look much better since the drop from 10.5 to 7.5 we have good strong support at 7.50. i see a desceninding triangle. right now, im waiting for cobr to break the 50 day ema at 8.2. that would make me feel better. COBR failed to break above the 50 day ema on nov 12 or so.. ======================= If COBR breaks above 50 day ema, next resistance would be at 8.60 and then 10.40 If COBR breaks the 7.50 support, we can see 6.60 ======================= Ta indicators: strengthening signals.. but no strong bullish/buy signals. we are at the point where if it shows any weakeness, COBR might go to 6.60.. so this week is crucial.. ======================= what is funny is that the day after GREAT earnings were released, COBR went down. COBR (fundamental people) were busy scratching their heads while it went down 20%.. TA had sell signals late october. just shows, even great earnings can mean diddly.. I'm still not sure why COBR tanked like that.. but from a TA view- it doesn't matter.. cobr went down regardless of reasons.. just my thoughts.. i see you are in cash in your profile.. stay safe! Chris