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To: Broken_Clock who wrote (8564)1/16/1998 9:08:00 PM
From: waverider  Read Replies (1) | Respond to of 95453
 
Since I'm attached to CDG by the hip, I'm interested in the chart. From my perspective it appears you are right about it being almost touching the downward trendline (from 82, 65, 52, and ?...appears to be around 43-44). Now what does that mean?

Being of a bullish nature I will say that we are in an area of slight upward resitance now...next stop around 52...then 62...then...hmmm, interesting how the resistance points match up with the downtrend. Just thinking to myself here.

From the chart it appears that 35 was a very strong support and I doubt we will ever see that again. So we may tread water here, but being earnings season and all the fundamentals have a way of blowing away chart predictions. That's what makes the market so fun, eh? We've lost so much so fast, we could blast through the ceiling as easily as we fell through the floor.

I'm holding my stock position and have purchased August calls. No plan to trade at this point...just to clarify my position here.

Diamond H