Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (6399)	8/27/1998 4:40:00 PM
From: Judy	Read Replies (1) \| Respond to of 34810

Entry for CIEN at 25-27. Trading CIEN is not the worth risk/reward in this type of market. Look at what happened to ALA today when their merger went thru with DIGI. However, at 25-27 ... Chambers should make a competitive offer for CIEN. This market continues to make a rounding top. Intermediate trend is down and will continue to be true as long as the instiutional buyers are on the sideline because of Japan/Asia and Brazil/Latin America. Should the European economy go into a tailspin later this year due to the fallout from Asia and Latin Amercia, we could witness a slow erosion of equity value in the US stocks, called a true bear market.