To: Judy who wrote (8150 ) 5/11/1998 8:36:00 PM From: Chris Read Replies (1) | Respond to of 42787
**** CMGI CHART ***** judy.. be careful on cmgi.. left chart shows the weekly chart.. geocities.com CSS II: Analysis of CMG INFO SERV (CMGI) Reviewed on 5/11/98 **************************** High: 98.500 Low: 92.313 Close: 94.000 Change: -3.063 (-3.1552%) Volume Today: 320,000 shares. On 5/11/98, CMG INFO SERV closed down -3.0625 at 94.0000 on volume 13.41% above average. **************************** Summary: Moving Averages CMG INFO SERV closed at: 94.000 The close is currently Below its 5 period exponential moving average (96.4693). The close is currently Below its 9 period exponential moving average (95.8140). The close is currently Above its 21 period exponential moving average (90.2896). The close is currently Above its 50period exponential moving average(76.3220). The close is currently Above its 200 period exponential moving average (45.7340). **************************** Candlesticks (Automatically done by Metastock. Accuracy Unverified) A big black candle occurred. This is bearish, as prices closed significantly lower than they opened. If the candle appears when prices are "high," it may be the first sign of a top. If it occurs when prices are confronting an overhead resistance area (e.g., a moving average, trendline, or price resistance level), the long black candle adds credibility to the resistance. Similarly, if the candle appears as prices break below a support area, the long black candle confirms the failure of the support area. During the past 10 bars, there have been 4 white candles and 5 black candles for a net of 1 black candles. During the past 50 bars, there have been 25 white candles and 24 black candles for a net of 1 white candles. Three black candles occurred in the last three days. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.