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Technology Stocks : Cabletron Systems (CS: NYSE) -- Ignore unavailable to you. Want to Upgrade?

To: Mookie Pierce who wrote (5752)	3/18/1999 1:58:00 AM
From: Trey McAtee	Read Replies (2) \| Respond to of 8358

mookie-- i am much better with the technicals than the chart, but i will give it a shot. it looks to me like 11.50-12.00 is the ST target, if it blows through it, hang on. if it doesnt, about a 50% retracement is likely, or around 9.50-10.00. if that holds we go back up for a retest of resistance. so, i would say your read is pretty dead on. what we are seeing is the resolving action of a bull wedge. to be honest, i expected it to be much stronger, with a big move up to 10 or so on 3mm+ shares. maybe we get it tomorrow<G>. technically, you are right about the double bottom. however, its tested 7.75-8 so many times, i doubt it will again. good luck to all, trey