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To: Todd D. Wiener who wrote (278)3/7/1999 9:20:00 AM
From: Dennis K. Showers  Respond to of 376
 
Let me echo your words. "What a whipsaw".

Even though we did not end the day on a positive note I still think that it was a very bullish day. As you noted we did close the gap and tested our new support. With all of the resistance that we had at 6.25 we should now have solid support there and I feel that we proved that on Friday. There was a tremendous buying surge at that level and then steady buying from there to the close. How would you like to be a guy that shorted NCES at 6.25 Friday. You know that his stomach is in knots. If we move up from these levels there is likely to be some short covering. What is now needed is a close above 8.50 on good volume.

Whitetail



To: Todd D. Wiener who wrote (278)3/8/1999 5:11:00 PM
From: Dave  Read Replies (1) | Respond to of 376
 
Todd,

Any thoughts on today's action? I almost pulled the trigger at $6 1/8, but thought better of it. The chart has me just a little confused. NCES broke out on high volume, which was confirmed a few days later. Now it is down on even higher volume. Looks like the support at $6 is holding, but jeez, for how long?

Thoughts from anyone would be appreciated.

Dave