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Strategies & Market Trends : Chart Formations -- Ignore unavailable to you. Want to Upgrade?

To: Russ Schultz who wrote (130)	1/14/1999 10:57:00 AM
From: sean sanders	Respond to of 967

Well that's great that CUBE decided to go down some ... at least attempt to form that 'M' ... I wasn't really trying to be right in 'knowing' what it was going to do; I mean if it went up I would be just as happy with reguards to learning T.A. ... if I was in the stock my pocket book may not have been as happy is all. With reguards to CYSP ... 1. Looks as though CYSP is right over a support line 2. It recently formed a dec. tri and completed that. 3. Some of the indicators look as though they may go up. 4. It's below the 50 day emov avg ... not sure about the 200 For me I wouldn't invest in this; mostly because I'm looking for chart patterns and I feel more comfortable with investing in them and also what they may do (at least to where I feel comfortable). You could invest in this (I assume you're talking about buying some and not short selling some) and then either use a manual sell stop or an order sell stop just below the support there ~9 3/4. It may decide to go back to the recent resistance level of 15 and bounce around in there for awhile. But I would be careful if you decide to buy into it that you are able to get out if it drops below your stop point - we may be in a flag here from the dec. tri. and then we may keep moving down. You never know; but you do know that we have been in a downtrend and that we did have a move from a dec. tri and that we have hit support (like you said). Sean