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Technology Stocks : Network Appliance

NTAP 109.22

+1.8%

12:38 PM EST

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To: Jacob Snyder who wrote (9437)	11/5/2001 11:06:22 PM
From: BirdDog	of 10934

I understand the concept of support and resistance. I understand it applies to MA's, tops/bottoms, trend lines, etc. I understand it is weighted toward support in bull markets and resistance in bears...although it is only weighted that way, and by no means has to work one way in one market. However... NTAP has broken it's bear market downtrend line. I know the chart shown didn't show this. I use log charts...not linear. Been taught they're better? The Nasdaq is breaking it's bear market downtrend line right now. I don't think it's straight up from here. But do think the possibility of the bear being broken is distinct. If I understand you correctly. You're looking at a possible resistance and thinking "oh no", we've already jumped a few hurdles (resistance), don't think we can make another (and it's a strong one). Because you don't think the bear is really gone yet. ???? BirdDog

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