WavePhore (WAVO)- VBI fed WaveTop for WebTV Message Board

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Technology Stocks : WavePhore (WAVO)- VBI fed WaveTop for WebTV

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To: Ken Turetzky who wrote (1887)	11/5/1998 3:39:00 PM
From: Willsgarden	Read Replies (1) of 2843

Ken, volume spiked to 3 times the average of the last couple of months on no news....something's up, but the +D and -D corossed over to positive and the DX (directional movement indicators)spiked to 37 and climbing (very bullish). Also moved convincingly thru 50 DMA and my 7 and 14 DMA which had all come together. Usually when this happens it is a definite clue as to the trend direction....with resistance at about 7 1/2. This type of move could also cause shorts to cover. I'm not good at calculating overhead but I'd estimate that it would only take 2 mil shares traded at or near 7 1/2 to take it out. good luck, Bill

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