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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Al Greenleaf who wrote (11753)	2/1/1998 11:50:00 PM
From: Doug R	Read Replies (3) \| Respond to of 79270

Al, The only unbroken trendline I can find on CPRD is from 11/23/94 to 1/5/95. That line acts very much like an ACT in that it sets up an IL that came into play in late '95, mid '96, late '96 and Aug. '97. The reaction to that last one came closest to that unbroken trendline which is at 11 1/2 right now. If CPRD ever got to that line it would be a screaming buy on any move up from it. As far as what's going on now with the stock, the downtrend from 8/27/97 to 10/22/97 looks like it will be tough to take out without a good long baseing period. I like its chances to eventually break out but the wait might get frustrating. The technicals would be very overheated if it tried to do it here. ADI's chart looks much better. The price right now is at the downtrend line so there is nothing to do but wait for a breakout. An inverted head and shoulders in the 13, 8, 8 stochastics is starting to turn down right at the neckline so this may not be the time that ADI breaks out. The 233, 21, 34 stochastics may be putting in a bottom here and a cross up would signal that it's time to look more closely for the breakout. The price also just poked above the 89 day ema but after such a drastic push, it probably won't hold this time. The general flow of the 89 day moving linear regression hints that a breakout would come when the downtrend line gets to 28 in just under 3 weeks if things continue as they have been. Doug R