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Technology Stocks : DIGL... Digital Lightwave.... Making Waves....

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To: Thomas Haegin who wrote (853)8/30/2000 3:46:53 PM
From: Toby Zidle   of 934
 
Well, today DIGL is down $6 1/2 more. I feel that I should be eating some of my words. I have no explanation except that investor psychology is VERY dark at the moment.

I came across an intriging post that just went up (minutes ago) on the Yahoo board:

"Bollinger Interpretation

"DIGL now sits below the Lower Bollinger Band. The last time that happened (7/28), it took exactly 17 trading sessions to bounce back to where its High touched the Upper Bollinger Band. In 17 sessions, DIGL traded from a Low of $81 7/8 to a High of $112 7/8.

"Despite the current gloom and doom, I'd rather be a buyer here than a seller. Fear seems to be thick - a Wall of Worry. What an opportunity to go Long!"

post.messages.yahoo.com

It sounds good to me. Do the chartists favor this interpretation?
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