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Technology Stocks : C-Cube -- Ignore unavailable to you. Want to Upgrade?

To: peter shi who wrote (29757)	2/20/1998 4:33:00 PM
From: Peter V	Read Replies (1) \| Respond to of 50808

Thanks for the TA, peter. What does your chart say about the points to watch out for? At what point do we break the uptrend?

To: peter shi who wrote (29757)	2/21/1998 8:06:00 AM
From: Rarebird	Read Replies (3) \| Respond to of 50808

Peter, your forgetting one very important fact: In spite of the recent move up in 98, Cube is still immersed in a MAJOR DOWNTREND, technically speaking. It is well below its 200 day moving average and there is plenty of excessive optimism here, which as a contrary indicator, is extremely bearish. When a stock sells off on good news, watch out below. It's an omen for further downside pressure. The move from $15.75 to $22.5 ( predicted by me months ago ) was nothing other than a DEAD CAT BOUNCE and BEAR MARKET RALLY. Cube sold off about 20 points from its summer high. I call the recent rally ( and any technician would agree) a .33 classic correction or retracement within a still ongoing Downtrend. A break below $20 would be highly significant: it would signal an intermediate term top and a resumption of the primary trend. I know all the longs are quite perturbed here. But I think I am right rather than ALL OF YOU. I find all you FUNDAMENTALISTS to be living in FANTASY LAND! Since the high of $71, Cube has always traded on its technicals. The stock is ruled by the " Holy Chartists" who trade it. Whether it's right or wrong is an entirely different question. I see much lower lows by the end of the second quarter. Your Friendly Ice Cube Forecaster