News Focus
News Focus
icon url

jerrydylan

03/12/07 1:36 PM

#4550 RE: Market_Fest4 #4544

Looks to me like the second reverse head and shoulders is beginning to take shape with shoulders at $3.....see chart :http://stockcharts.com/h-sc/ui?s=COR&p=W&b=5&g=0&id=p05903075091 Busting thru $2 on good volume intimates to me we could see base around here somewhere for a while...200 day MA is around $2.25, $2 was resistance( now support) and where the gap began on the way down to (pheeeww!) $1.02. This gap looks pretty filled, with big volume- so it could fill the whole October dump up to $3 and base there (again as right shoulder) or have support @ $2 and take a little more time. Volume indicates to me someone is serious about this, and aware of more than the rest of us about how things are going to play out with deals, ect....