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Technology Stocks : Network Appliance
NTAP 110.40-1.0%3:04 PM EST

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To: John Madarasz who wrote (8008)5/30/2001 1:05:16 PM
From: John Madarasz  Read Replies (2) of 10934
 
It seems the stock action has set up into the H/S pattern mentioned 4/24/01...

and broken down below the neckline today.

as well as an apx. double top on lower volume.

stockcharts.com[h,a]daclyymy[db][pb50!b200!f][vc60][iUb14!La8,17,9!Lf!Lh5,5!Li5,5!Lg!Lc20]

If the stock rallys back to the neckline on lower volume and fails to take it out with conviction(about $23)that would be the place to short, looking for the measured move to about $10.50

Tight stops would be the order of the day.

Good Trading to all
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