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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Dennis V. who wrote (13530)8/9/1999 4:33:00 PM
From: Zeev Hed  Read Replies (1) of 27311
 
Dennis, you have a point here, the IEI has reached close to -2, and that is almost a buy signal. We may need another "brush with breach" of the support to generate enough pessimism for a good rally to start. Interestingly, I believe that the market might present the right general background in the coming week to deliver such extreme in pessimism.

Zeev
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