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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Pallisard who wrote (12256)6/20/1999 1:31:00 PM
From: William Epstein  Read Replies (1) of 27311
 
Pallisard;

Recent history shows previous lows occur intraday and the spike shown on the chart is not the closing price. Also, they are big volume days for this stock, about 3-400,000 shares. They can occur right after a bull spike or later on, just before a bull run is about to begin. The timing seems right. Most of the bull spikes occur near or at the end of a month. Let's hope for another. What bothers me is that money flow did not dip during the previous up and down moves during the past 9 months but this time it has. I could put the previous highs and lows down to the MMs plying their trade but this time I wonder???? That seems to be a significant change. Your input is appreciated.
Bill
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