To: Ed Pakstas who wrote (1530 ) 4/10/1998 11:06:00 AM From: John Paquet Read Replies (1) | Respond to of 2505
Ed, <<<Why I am convinced this puppy CWA is going to move to the .25 level?? >>>>>> Here is why???? CWA last Thursday breakout an important ascending triangular pattern with significant large volume, [400,000+ shares ], the pattern is drawn from the chart, as you can see the ascending triangular shape; it means that the supporting line is ascending , it implies that the bidding prices were increasing IT TELLS THAT THINGS ARE LOOKING GOOD, PRICES ARE BIDDING HIGHER, that breakout neckline at.16 was a resistance, it implies that every time for the last 3 months, CWA had no ways to break that .16, until last Thursday, she did it, SHE BROKEOUT it. Why she did it???? May be the recent NR, may be the market saw something going on in the CWA's SVB property. BUT WHO DOES REALLY CARE THE NEWS, the chart, the price and the volume DID tell you anyway, if it is big news, the prices go higher with large movement and the volume more large than 400,000, AS I explained to in the first tenet of that DOW theory, "THE PRICES DISCOUNT EVERTHING[EXCEPT ""ACT OF GOD"", YOU SEE. Now, what will happen to this puppy CWA after she brokeout that important resistance line of .16 ????? CWA will gain that .16 as support line, no more resistance as last three months [we have been very patiently awaiting this happens, haven't we????]this .16 is the lowest price that you and I or any other market players can get because she brokeout it last Thursday with significant volume, as I said volume is a collateral evidence. Ed,THAT IS IT. Those bidder below .16 has no chances at all, or well maybe some tur {???} has finaNcial emergency has to bear out at market price some may gets a bit below .16 BECAUSE OD THAT MARKET ORDER TO GET OUT, normally it does not occur, BESIDES YOU WILL NOT BE ABKLE TO GET IT BECAUSE SO MANY BIDDERS ARE FAR AHEAD OF YOU. Therefore, you have no chances so the next tick .165 or .17 is the best possible. So everybody rushes to buy at the .17 or .18 then. 19 then .20 YEAHOOO!!!! IT WILL BREAKE THAT .20, AND YAYAYAHOOOO TO .25 LEVEL. Ed, that is why I am so convinced that this CWA puppy will go to that .25 level SOONER RATHER LATTER. You won't miss this BUS, would you???? Ed, who cares any NR???? except what you are enjoying doing it, but the market tells me every thing, and the chart tell me what the CWA next move is going to be, You don't need that DJIA, DOW TRANSPORTATION AND DOW UTILTY TO TELL MY PUPPY GOING TO DO ????