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Technology Stocks : Vitesse Semiconductor

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To: MoonBrother who wrote (1746)	10/1/1998 1:36:00 AM
From: The ChrisMeister	Read Replies (2) of 4710

I'm siding w/MB on this one -- for the time being we have excellent support below 23 1/2 and no overhead resistance until we get up around 28. If we re-visit 22 for a third time I'll get worried: triple-bottoms are quite rare. I'll take today's action as a successful re-test of the bottom there 10 trading days ago. We should head north until earnings come out. I think the odds of another Tellabs, Alcatel, or Nortel type negative news release blindsiding the market between now and then are pretty slim. ChrisMeister

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