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Technology Stocks : C-Cube -- Ignore unavailable to you. Want to Upgrade?

To: Maya who wrote (41709)	6/3/1999 7:36:00 AM
From: .com	Respond to of 50808

PRISTINE TRADING IDEAS - 6/3/99 JNJ - 91 11/16 Has rallied up to its declining 20 day moving average. A declining 20 day moving average will typically act as resistance in a weak stock. JNJ close under its open yesterday and near the days low. This indicates the decline maybe ready to resume. Consider shorting JNJ tomorrow under today's low, use a stop above the last 30 min pivot high of 92.375 which was made at 1:30 yesterday. MER - 70 11/16 Although MER fell over 4.00 dollars yesterday, it is now near a prior low which it reversed from sharply. Yesterdays heavy volume near the prior low maybe indicating a potential double bottom setting up. Only consider buying MER if the market is positive. CATP - 17 5/16 Has rebounded off its 20 day moving average on intra day declines to close near the days high. Today's volume almost doubled over yesterdays indicating increasing interest in the issue. Look for higher prices once CATP trades above yesterdays high. place a stop under 17.00. CUBE - 25 1/8 Rallied at the end of the day to close near the days high. This maybe signaling the end of the sideways pattern which has been in effect over a week now. I would use support and résistance on a 5 Min to trade CUBE, yesterdays low is much to far to consider as a stop.