VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: hcirteg who wrote (12138)	6/15/1999 7:06:00 PM
From: Pallisard	Read Replies (3) of 27311

HC, Bollinger bands: 10 day MA - no pierce, 20 day MA - pierced, 30 40 and 50 day - no pierce. When you look at someone else's chart whose defaults are unchangeable, you get only that perspective. Remember that a chart is just a history of price action with corresponding volume. It shows you a visual history of price levels where buyers and sellers got in and out which creates "supports", "floors", "ceilings" and "trendlines" by repetition of the price movement to and from those areas. The inferences follow by inductive logic. The most accurate inferences must be drawn from a variety of time frames and parameters executed by comparison and previous experience. Accumulation-distribution is positive. Money flow is positive. OBV has waned somewhat but is still positive. Short term momentum is negative, that's obvious. MACD and stochastics are at a cycle low where they usually turn UP. The long upward channel is very well in tact, especially if you look at a 30 week chart. All expectations are that the mid 6's represent another cycle low in the general trend, and should begin retracing, perhaps after options expirations. JMHO

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