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Technology Stocks : Excel Communications

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To: Miami Phillips who wrote (2555)	2/27/1998 3:35:00 PM
From: Bob Kimball	of 2806

Miami... 22 is in a strong resistance area and the odds are very good ECI will not get through that band on this attempt. The quality of this rally is too far, too fast, which is typical of bear market rallies. While the whole market is not in bear mode, ECI may still be. Bear rallies are impressive, but short-lived, and completely erased by the next downswing (unless the main trend has turned up). It's too soon to know if the long term trend on ECI has changed. Short term, this rally is probably over and if you don't intend to hold a long time, taking profit now wouldn't be imprudent. Just my opinion, not to be construed as market advice!

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