VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: djoobahjieh who wrote (14425)	9/8/1999 4:17:00 PM
From: mooter775	Read Replies (1) of 27311

There's often a lot of comment on technical analysis on these threads, so I thought that I would comment that, according to the Dorsey Wright service, which I personally think has a pretty good following, the stock reversed a downtrend and "broke out of a double top today on the point and figure charts at $ 5.00." I would expect that it would be mentioned in his daily letter tomorrow. Zeev, you have mentioned on several occasions the significance of the $ 5.25 price at a "downtrend violation". What does today's stock price movement, through the $ 5.25 price, indicate, if anything?

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