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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (15124)	1/17/1998 10:32:00 AM
From: j g cordes	Read Replies (1) \| Respond to of 69967

Harry, CA's momentum and end of year pattern resembles end of '96. There's been little enthusiasm as other techs have rebounded over the last few days... for trading I think 46 is downside stop... but on the positive side I've seen rumors of a Feb split and the usual good numbers on earnings. Its in the middle of where I would step up to trade it either way, not a quick trade candidate because its not at an extreme or significantly broken trend.. "stalling" as you say or a pregnant pause... we'll see what delivers over the next two weeks. Sorry to be nuetral, but that's what's showing to me.. Looking forward to your slowdown or not reply. Jim