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Strategies & Market Trends : Secret Squirrel & the Moon -- Ignore unavailable to you. Want to Upgrade?

To: trend line who wrote (101)	1/27/1999 7:32:00 PM
From: Lawrence Burg	Read Replies (1) \| Respond to of 150

That's kinda hard to say, because I've always been horrible at predicting price ceilings. What makes it harder is that we've already broken through both the 50 & 200DMAs. I'm not sure what the next valid resistance level might be. We're also above the Bollinger Bands, and have been for three days. That's bullish, but doesn't help determining where resistance might come in. I'd gladly seek help from a Elliott Wave guru, who might be able to shed some light. That said, it's a bit of a revenge buy. My Dad grabbed this around $18 quite some time ago. So I'll hold a few at least to there. Near term (2 weeks), I'll look to take some profits out around $5 if we get there. I have a very healthy respect for plays as healthy as this one. I managed to jump ship too soon on CNKT because I didn't respect the fact that new buyers with ever greater expectations continue to come in if the company/story is good. It is. TA is green. Fundies are good. The IT sector they're in (intranet) has not been appreciated yet on the market despite it's importance on the plates of many CIO's. The trading behavior this week is very encouraging, despite the late day daytrader shenanigans. I'm looking for the price to touch $3.50 by week's end. $4 through next week. Somewhat optimistic on this one for a change...:o)